Eshkol Avshal power station financing

Bank Hapoalim is financing the construction of the Eshkol Avshal power station, an 850 MW natural gas-fired electricity generation facility in Israel. This financing deal, announced in February 2026, underscores the continued reliance on natural gas as a key energy source in the region. Bank Hapoalim, a major Israeli financial institution, is acting as the lender, demonstrating its commitment to supporting critical infrastructure development within Israel. The project's developer is Eshkol Avshal. While the deal value remains undisclosed, the 850 MW capacity suggests a substantial investment. The Eshkol Avshal power station will likely play a significant role in meeting Israel's growing electricity demand. The project's advancement is contingent on further stages, as indicated by the absence of signing and closing dates. This deal highlights the ongoing investment in gas-fired power generation, despite the global push towards renewable energy sources.