News

| Arielle Ruimi
October 16th, 2015

Gornitzky represents Bank Hapoalim B.M. in a bridge term loan to a leading Italian infrastructure contractor

Gornitzky represents Bank Hapoalim B.M. in a bridge term loan to a leading Italian infrastructure contractor to finance EPC works of Sections 7 and 3 of the Cross Israel Northern Highway B.O.T. project.

 

The Gornitzky team was led by Partners Eli ElyaDubi Gross and Associate Arielle Ruimi 

September 16th, 2013

Gornitzky & Co. represented I.P.M. Beer Tuvia Ltd. in an EPC contract with Siemens AG and Siemens Israel Ltd. for the development and construction of an approximately 430 megawatt private power plant.

Gornitzky & Co. represented I.P.M. Beer Tuvia Ltd. in an engineering, procurement and construction (EPC) contract with Siemens AG (XETRA: SIE) and Siemens Israel Ltd. with respect to the development and construction of an approximately 430 megawatt duel fueled, combined cycle, gas turbine private power plant in Israel.


I.P.M. Beer Tuvia Ltd. was represented by Jack Smith (Partner), Moshe Krieger and Arielle Ruimi.

November 21st, 2012

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million.

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million. Within the framework of the deal, Gandyr Group will receive all rights in the partnership, as well as its liabilities, including a financing agreement with Bank Hapoalim.

 

Odem Partnership holds 62 solar energy facilities with an aggregate installed capacity of approximately 3 MW.

 

Gandyr Group was represented by Timor Belan (Partner), Amit Gelbard and Arielle Ruimi.

 

June 9th, 2015

Gornitzky is representing IC Power Ltd. in the NIS 60 million purchase of a 120 MW co-generation power plant in Hadera.

Gornitzky is representing IC Power Ltd. in the NIS 60 million purchase of a 120 MW co-generation power plant in Hadera from Hadera Paper Ltd. Following the acquisition, IC Power will exclusively provide Hadera Paper with electricity for a period of 21 years. The closing of the purchase is subject to, inter alia, the approval of the Israel Antitrust Authority.

 

 


IC Power Ltd. is represented by Jack Smith (Partner), Moshe Krieger, Arielle Ruimi, Shira Porat and Moran Shanni. The proceedings vis-à-vis the Israel Antitrust Authority are being led by Avner Finkelshtein (Partner).

June 23rd, 2013

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd. in their win of a BOT tender for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd., a company equally held by Shikun & Binui - Renewable Energy Ltd. (TASE: SKBN) and a subsidiary of Spain's Abengoa Solar S.A., in their win of a BOT tender published by the Government of Israel for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

 

The planned concentrated solar power plant is expected to operate as a parabolic trough plant with 4.5 hours of thermal energy storage. Electricity generated in the plant will be purchased by Israel Electricity Corporation over a 25 year power purchase agreement.

 

Negev Energy was represented by Itay Geffen (Partner), Dubi Gross (Partner), Moshe Krieger, Imri Kozak and Arielle Ruimi.

August 29th, 2012

Gornitzky & Co. represented Bank Hapoalim B.M. in the NIS 30 million financing transaction of a 3 megawatt photovoltaic power plant in Israel.

Gornitzky & Co. represented the Project Finance Department of Bank Hapoalim B.M. in a transaction valued at approximately NIS 30 million, for the financing of the design, development, construction and operation of a 3 megawatt photovoltaic power plant in Israel.

 

Bank Hapoalim B.M. was represented by Mr. Eli Elya (Partner), Ms. Editte Galli Heyne (Partner) and Ms. Arielle Ruimi.