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Dorad in power plant race after resolving legal disputes

Dorad, Israel's first private power plant, has re-entered the competition to build one of three new private power plants permitted by regulators to open by 2030, following the resolution of longstanding legal disputes among its partners. The withdrawal of lawsuits by Edeltech Group, a major player in the electricity market, has cleared the way for Dorad to pursue expansion, despite ongoing challenges related to ownership stakes and regulatory limits on market share.

The race to secure approval for new power plants is intensifying, with four companies vying for only three available slots. Dorad's rivals have advanced in securing financing and contracts, but Dorad's renewed participation means one competitor will inevitably be left out. This heightened competition is expected to accelerate the pace of construction and potentially influence electricity prices for consumers.

While Dorad must still overcome practical hurdles such as securing capital, gas agreements, and equipment, its return to the race is seen as a positive development for the market. The regulatory authority welcomes the increased competition, which could benefit consumers through faster development and lower costs.

Original article source: https://en.globes.co.il/en/article-dorad-in-power-plant-race-after-resolving-legal-disputes-1001529727
Source Id: 9010669254

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