Realized Investments

Dalia Preferred Ltd.

Sector: Energy
Investment Date: November 2012

Dalia Preferred Ltd. (“Dalia Preferred”) is a holding company that holds 100% of the preferred shares in Dalia Power Energies Ltd. (“Dalia”), an Israeli company incorporated in 2005, which is a major player in the private electricity market in Israel. Dalia has constructed a 900-megawatt natural gas-fired power plant, consisting of two identical combined cycle units in the south of Israel. The project is based on the PUA’s (Public Utility Authority – electricity) regulation that secures the payment of availability and energy tariffs by the grid manager for 20 years. Construction commenced in 2012 and was completed in September 2015. The plant is one of Israel’s largest privately operated power stations, supplying some 7% of the national electricity consumption, while at the same time complying with the most stringent global environmental standards and maintaining maximum air and environmental quality.

In November 2015, IIF sold its share of a loan to Dalia Preferred to Amitim Pension Fund.