# IC Power Israel acquires rights to build 396 MW gas power station in Israel

IC Power Israel entered into an agreement to acquire 95% of Zomet Energy, which holds rights to develop a 396 MW natural gas-fired power station at Plugot Junction, Israel. The transaction is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2017-04-06
- Where: Plugot Junction, Israel, Israel
- Status: announced
- Capacity: 396 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [IC Power Israel](https://endata.com/companies/23416.md) (acquirer)
- [Zomet Energy](https://endata.com/companies/23417.md) (target)
- [Ipswich Holdings Netherlands](https://endata.com/companies/23418.md) (partner)
- [Rapac Energy](https://endata.com/companies/23419.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/ic-power-israel-has-agreed-to-acquire-rights-to-construct-a-396-mw-natural-gas-power-station-618542433.html), 2017-04-06: "IC Power Israel (ICPI) has entered into an agreement to acquire 95% of the shares of Zomet Energy Ltd. (Zomet) from Ipswich Holdings Netherlands B.V. (47.5%) and Rapac Energy Ltd. (47.5%)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.