Kenon unit gets permit for 850 MW Hadera plant
Kenon Holdings Ltd. reports that its subsidiary OPC Energy Ltd. has obtained a building permit for the Hadera 2 project, an 850 MW natural gas-fired power plant adjacent to OPC’s existing Hadera facility, after payment of required levies.
Rhea-AI Filing Summary
Kenon Holdings Ltd. reports that its subsidiary OPC Energy Ltd. has obtained a building permit for the Hadera 2 project, an 850 MW natural gas-fired power plant adjacent to OPC’s existing Hadera facility, after payment of required levies.
OPC is now working to complete the actions, agreements, and conditions needed for financial closing of Hadera 2. The disclosure emphasizes that plans for the project are forward-looking and subject to risks, including whether the project ultimately proceeds, as outlined in Kenon’s risk factor disclosures.
Positive
- None.
Negative
- None.
Insights
Building permit is a key milestone for Hadera 2 but financing and execution remain open.
The grant of a building permit for the 850 MW Hadera 2 natural gas-fired plant moves the project from planning toward potential construction. It confirms regulatory progress on land use and design, especially as the permit followed payment of required levies.
However, OPC still must complete actions, agreements, and conditions for financial closing before construction financing is secured. The company highlights risks around whether Hadera 2 proceeds, and the cost and timing if it does, referencing broader risk factors in its latest Form 20-F.
Future company reports referencing Hadera 2 and any disclosure of financial closing, cost estimates, or construction timelines will further clarify the project’s role in Kenon’s power portfolio and capital commitments.
Key Figures
Hadera 2 plant capacity: 850 MW
1 metrics
Hadera 2 plant capacity
850 MW
Planned capacity of Hadera 2 natural gas-fired power plant
Key Terms
building permit, natural gas-fired power plant, financial closing, forward-looking statements, +1 more
5 terms
building permit regulatory
"has been granted a building permit for the Hadera 2 project"
A building permit is an official authorization from a government or local authority that allows construction, major renovation, or a change in how a structure is used. Think of it like a legal green light that confirms plans meet safety and zoning rules; without it, work can be stopped, fined or reversed. For investors, permits matter because they directly affect project timing, costs, legal risk and the timeline for when a property can start generating revenue or be sold.
natural gas-fired power plant technical
"a plan for the construction of an 850 MW natural gas-fired power plant"
financial closing financial
"actions, agreements, and conditions necessary for the financial closing of the Hadera 2 project"
forward-looking statements regulatory
"This press release includes forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"those set forth under the heading “Risk Factors” in Kenon’s most recent Annual Report"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kenon Holdings (KEN) announce regarding the Hadera 2 project?
Kenon Holdings announced that OPC Energy’s project company, Hadera 2, received a building permit for its planned 850 MW natural gas-fired power plant. This follows payment of required levies and marks a significant regulatory step toward potential construction of the new facility.
What is the Hadera 2 power project mentioned by Kenon Holdings (KEN)?
Hadera 2 is a planned 850 MW natural gas-fired power plant to be built on land adjacent to OPC Energy’s existing Hadera power plant. It is being developed by OPC’s project company Hadera 2 and is a major expansion of OPC’s generating capacity in that area.
What stage is Kenon Holdings’ Hadera 2 project currently in?
The Hadera 2 project has received its building permit after payment of required levies, clearing a key planning hurdle. OPC Energy is now working to complete all required actions, agreements, and conditions needed to achieve financial closing for the project.
What risks does Kenon highlight for the Hadera 2 project?
Kenon notes that the Hadera 2 project is subject to risks, including whether it ultimately proceeds and, if it does, the terms, cost, and timing. These project-specific risks are in addition to broader risks described in Kenon’s latest Annual Report on Form 20-F.
How is Kenon Holdings (KEN) addressing financing for the Hadera 2 plant?
OPC Energy states that it is working to complete all actions, agreements, and conditions necessary for the financial closing of Hadera 2. Financial closing would formalize the project’s funding structure, but specific financing terms are not detailed in this disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 21, 2026
Commission File Number 001-36761
Kenon Holdings Ltd.
1 Temasek Avenue #37-02B
Millenia Tower
Singapore 039192
(Address of principal executive offices)
Millenia Tower
Singapore 039192
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXHIBIT 99.1 TO THIS REPORT ON FORM 6-K IS INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF
KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT.
Exhibits
|
|
|
|
99.1 Press Release, dated
May 21, 2026: Kenon’s Subsidiary OPC Energy Ltd. Announces Receipt of Building Permit for Hadera 2 Project
|
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
KENON HOLDINGS LTD.
|
|
|
|
|
|
|
Date: May 21, 2026
|
By:
|
/s/ Robert L. Rosen
|
|
|
|
Name: Robert L. Rosen
|
|
|
|
Title: Chief Executive Officer
|
Exhibit 99.1
Kenon’s Subsidiary OPC Energy Ltd. Announces Receipt of Building Permit for Hadera 2 Project
Singapore, May 21, 2026. Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) (“Kenon”) subsidiary OPC Energy Ltd. (“OPC”) has announced that OPC’s project company Hadera 2 (“Hadera 2”) has been granted a building permit for the Hadera 2 project, a plan for the construction of an 850 MW natural gas-fired power plant on land adjacent to OPC’s Hadera power
plant, following the payment of required levies. OPC further announced that
it is working to complete all the required actions, agreements, and conditions necessary for the financial closing of the Hadera 2 project.
For further information on the Hadera 2 project, see Kenon’s Reports on Form 6-K furnished to the U.S. Securities and Exchange Commission on May 20, 2026, March 2, 2026, November 19, 2025 and
August 11, 2025.
Caution Concerning Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “estimate,” “intend,” “plan,” “believe,” “likely to” or “should,” or other similar expressions. These statements include
statements about the Hadera 2 project, OPC working to complete all actions, agreements, and conditions necessary for the financial closing of the project and other non-historical statements. These forward-looking statements are based on current
expectations or beliefs and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties which could cause the actual results to differ materially from those indicated
in such forward-looking statements. Such risks include risks relating to the Hadera 2 project including whether the project proceeds and, if it does proceed, the terms, cost and timing of the project, and other risks, including those set forth
under the heading “Risk Factors” in Kenon’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether
as a result of new information, future events, or otherwise.