Kenon unit signs GE Vernova Hadera 2 deal
Kenon Holdings Ltd., through its subsidiary OPC Energy Ltd., reports that the Hadera 2 project company has entered into an equipment supply and maintenance agreement with GE Vernova for a new natural gas-fired power plant next to OPC’s existing Hadera plant.
Rhea-AI Filing Summary
Kenon Holdings Ltd., through its subsidiary OPC Energy Ltd., reports that the Hadera 2 project company has entered into an equipment supply and maintenance agreement with GE Vernova for a new natural gas-fired power plant next to OPC’s existing Hadera plant.
The agreement covers gas and steam turbines, related auxiliary systems and a long-term maintenance arrangement. Payments to the supplier are scheduled over time, and the total consideration is expected to represent about 20% of the Hadera 2 project’s estimated cost.
The company highlights that outcomes for the Hadera 2 project remain uncertain, with risks around whether the project proceeds, as well as its ultimate terms, cost, timing and performance under the agreement, alongside broader risks described in Kenon’s latest annual report.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kenon Holdings (KEN) announce regarding the Hadera 2 power project?
Kenon Holdings announced that its subsidiary OPC Energy’s Hadera 2 project company signed an agreement with GE Vernova to supply main equipment and maintenance for a new natural gas-fired power plant adjacent to OPC’s existing Hadera facility.
Who is supplying equipment for Kenon’s Hadera 2 project and what is included?
GE Vernova will supply the main equipment for Kenon’s Hadera 2 project, including gas and steam turbines, auxiliary systems and a related maintenance agreement covering that equipment for the natural gas-fired power plant next to OPC’s current Hadera plant.
How significant is the GE Vernova contract within Kenon’s Hadera 2 project costs?
The consideration payable to GE Vernova under the Hadera 2 equipment supply and maintenance agreement is expected to be about 20% of the project’s estimated total cost, making it a major component of the planned power plant investment.
How and when will payments to GE Vernova be made for the Hadera 2 project?
Kenon states that payments to GE Vernova will be made on scheduled payment dates under the agreement. Some of these payments had already occurred as of the date of the OPC Energy announcement about the Hadera 2 equipment supply deal.
What risks does Kenon highlight regarding the Hadera 2 project and this agreement?
Kenon notes risks about whether Hadera 2 ultimately proceeds and, if it does, the final terms, cost, timing and performance under the GE Vernova agreement, plus broader risks detailed in the company’s most recent Form 20-F risk factors.
Where can investors find additional information on Kenon’s Hadera 2 project?
Investors are directed to Kenon’s prior Form 6-K reports filed on November 19, 2025 and August 11, 2025, which provide further details on the Hadera 2 natural gas-fired power plant project and its development plans.
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
March 2, 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
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99.1 Press Release, dated March 2, 2026: Kenon’s Subsidiary OPC Energy Ltd.
Announces Entry into Equipment Supply Agreement in relation to Hadera 2 Project
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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.
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KENON HOLDINGS LTD.
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Date: March 2, 2026
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By:
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/s/ Robert L. Rosen
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Name: Robert L. Rosen
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Title: Chief Executive Officer
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Exhibit 99.1
Kenon’s Subsidiary OPC Energy Ltd. Announces Entry into Equipment Supply
Agreement in relation to Hadera 2 Project
Singapore, March 2, 2026. Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) (“Kenon”) subsidiary OPC Energy Ltd. (“OPC”) has announced that the project company Hadera 2 (“Hadera 2”) has entered into an agreement with GE Vernova (the “Supplier”) for
the supply of the main equipment for the Hadera 2 project, a plan for the construction of a natural gas-fired power plant on land adjacent to OPC’s Hadera power plant, including gas and steam turbines and related auxiliary systems, as well as a
maintenance agreement in respect of such equipment.
The consideration payable to the Supplier under the agreement is to be paid on scheduled payment dates (some of which have occurred as
of the date of the OPC announcement), which consideration is expected to constitute approximately 20% of the estimated project cost.
For further information on Hadera 2 project, see Kenon’s Reports on Form 6-K furnished to the U.S. Securities and Exchange Commission on 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, the equipment supply
agreement for the Hadera 2 project and its expected portion of the estimated project costs, 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 performance under the agreement described herein 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.