# IC Power Israel to acquire 95% of Zomet Energy for gas power station development

IC Power Israel (ICPI) agreed to acquire 95% of Zomet Energy Ltd., which holds rights to develop a 396 MW natural gas power station at Plugot Junction, Israel. The transaction is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2017-10-20
- Where: Plugot Junction, Israel
- Status: announced
- Capacity: 396 MW
- Products: natural gas power generation
- 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

- [miningconnection.com](https://miningconnection.com/gos/news/article/ic_power_israel_to_acquire_rights_to_construct_natural_gas_power_station_at), 2017-10-20: "IC Power Israel (ICPI) has entered into an agreement to acquire 95 percent of the shares of Zomet Energy Ltd."

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