Kenon gets $93M from Peru arbitration award

Kenon Holdings Ltd. (KEN) reports that the Republic of Peru has paid the arbitration award issued in October 2023 by an International Centre for Settlement of Investment Disputes tribunal in Kenon’s favor.

Rhea-AI Filing Summary

Kenon Holdings Ltd. (KEN) reports that the Republic of Peru has paid the arbitration award issued in October 2023 by an International Centre for Settlement of Investment Disputes tribunal in Kenon’s favor. The payment represents final settlement of amounts payable by Peru in connection with the award and concludes this matter.

The total payment was approximately $203 million, of which Kenon’s share, after allocating a portion of the proceeds to a capital provider and paying certain expenses, is approximately $93 million, subject to tax. The award had ordered Peru to pay Kenon and IC Power $110.7 million in damages plus $6.4 million in certain fees and costs, together with pre‑award and post‑award interest, and followed dismissal of Peru’s application to annul the award. Kenon had previously entered into a funding agreement under which a capital provider was entitled to a return of its capital and a portion of award proceeds.

Positive

• Kenon receives approximately $93 million cash from arbitration award, after payments to a capital provider and expenses and subject to tax, strengthening its financial position through a non-operating inflow.
• Arbitration with Republic of Peru fully concluded with final payment of approximately $203 million, removing uncertainty related to the dispute and the associated legal proceedings.

Negative

• None.

Key Figures

Total payment from Republic of Peru: $203 million Kenon’s share of payment: $93 million Damages awarded: $110.7 million +3 more

6 metrics

Total payment from Republic of Peru $203 million Total amount paid by the Republic of Peru in connection with the arbitration award

Kenon’s share of payment $93 million Kenon’s portion of the total payment after capital provider allocation and expenses, subject to tax

Damages awarded $110.7 million Damages the Republic of Peru was ordered to pay to Kenon and IC Power

Fees and costs awarded $6.4 million Certain fees and costs Peru was ordered to pay to Kenon and IC Power

Award date October 2023 Month and year when the arbitration award was issued in favor of Kenon

Announcement date August 19, 2026 Date Kenon announced receipt of payment in connection with the arbitration award

Key Terms

arbitration award, International Centre for Settlement of Investment Disputes, capital provider, pre-award and post-award interest, +1 more

5 terms

arbitration award legal

"has paid the award rendered in the arbitration proceedings before an International Centre"

International Centre for Settlement of Investment Disputes legal

"arbitration proceedings before an International Centre for Settlement of Investment Disputes tribunal"

An international centre for settlement of investment disputes is a neutral, treaty-backed forum that hears and decides legal conflicts between foreign investors and governments, much like a neutral referee for cross-border business fights. Rulings can order compensation or other remedies, so investors watch these proceedings because they affect the safety of overseas investments, potential recoveries after disputes, and the overall political risk of doing business in a country.

capital provider financial

"after allocation of a portion of the proceeds to a capital provider and payment"

pre-award and post-award interest financial

"plus pre-award and post-award interest, in connection with the Award"

application to annul the Award legal

"and the dismissal of the Republic of Peru’s subsequent application to annul the Award"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Kenon Holdings Ltd. (KEN) announce regarding its arbitration with the Republic of Peru?

Kenon announced that the Republic of Peru has paid the arbitration award issued in October 2023, resulting in a total payment of about $203 million. This payment represents final settlement of amounts owed by Peru and concludes the arbitration matter.

How much cash will Kenon Holdings Ltd. (KEN) receive from the Peru arbitration payment?

Kenon’s share of the payment is approximately $93 million, after allocating a portion of proceeds to a capital provider and paying certain expenses, and is subject to tax. This amount reflects Kenon’s net entitlement from the roughly $203 million total payment.

What was the size of the original arbitration award in favor of Kenon (KEN) and IC Power?

The Republic of Peru was ordered to pay Kenon and IC Power $110.7 million in damages and $6.4 million in certain fees and costs, plus pre‑award and post‑award interest. These amounts underpinned the final payment Kenon reports receiving.

Is the dispute between Kenon Holdings Ltd. (KEN) and the Republic of Peru now fully resolved?

Yes. Kenon states that the payment reflects final payment of amounts payable by Peru in connection with the award and that it marks the conclusion of this matter, following dismissal of Peru’s application to annul the award.

What role did a capital provider play in Kenon’s (KEN) arbitration with the Republic of Peru?

Kenon and IC Power had an agreement with a capital provider to fund expenses related to pursuing arbitration claims and other costs. In return, the capital provider is entitled to a return of its capital and a portion of award proceeds from the payment.

Which tribunal handled the arbitration that led to Kenon Holdings Ltd. (KEN) receiving payment from Peru?

The award was issued by a tribunal before the International Centre for Settlement of Investment Disputes (ICSID). This tribunal rendered the award in October 2023 in favor of Kenon, leading to the subsequent payment by the Republic of Peru.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 08/19/2026 - 06:04 AM EDT Accepted by SEC EDGAR 08/19/2026 - 06:01 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
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

August 19, 2026

Commission File Number 001-36761

Kenon Holdings Ltd.

1 Temasek Avenue #37-02B
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 August 19, 2026: Kenon Announces Receipt of approximately $93 million in connection with Payment of Arbitration Award by the Republic of Peru

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: August 19, 2026	By:	/s/ Robert L. Rosen
		Name: Robert L. Rosen
		Title: Chief Executive Officer

Exhibit 99.1 

Kenon Announces Receipt of approximately $93 million in connection with Payment of Arbitration Award by the Republic of Peru

Singapore, August 19, 2026. Kenon Holdings Ltd. (NYSE: KEN, TASE: KEN) (“Kenon”) announces that the Republic of Peru has paid the award rendered in the arbitration proceedings before an International Centre for Settlement of Investment Disputes tribunal (the “Tribunal”), which award was issued in favor of Kenon by the Tribunal in October 2023 (the “Award”). The total payment was approximately $203 million, of which Kenon’s share (after allocation of a portion of the proceeds to a capital provider and payment of certain expenses) is approximately $93 million, subject to tax. The payment reflects final payment of amounts payable by the Republic of Peru in connection with the Award and conclusion of this matter.

As previously disclosed, the Republic of Peru was ordered to pay Kenon and IC Power $110.7 million in damages together with $6.4 million in certain fees and costs, plus pre-award and post-award interest, in connection with the Award and the dismissal of the Republic of Peru’s subsequent application to annul the Award.

Also as previously disclosed, IC Power and Kenon had entered into an agreement with a capital provider to provide capital for expenses in relation to the pursuit of the arbitration claims against the Republic of Peru and other costs, which agreement entitles the capital provider to a return of its capital and payment of a portion of the proceeds of the Award.

The Award, the claims and related proceedings, and the agreement with the capital provider are described in Kenon’s Report on Form 6-K furnished to the U.S. Securities and Exchange Commission on June 29, 2026 and Kenon’s annual report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 3.9 KB