Menora Mivtachim stock joins Sorek power plant financing

Published on 11/09/2026 at 01:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Menora Mivtachim stock is linked to a newly financed power project near Sorek. The consortium plans to start operations in November 2029.

Sorek financing moves into construction

Menora Mivtachim is part of a consortium that closed financing for the Sorek power plant.
The 870-megawatt gas-fired facility is scheduled to begin operations in November 2029.
Menora Mivtachim is due to report its next results on November 26, 2026.

Menora Mivtachim, IL0005660183, Illustration mit AI erstellt.

Menora Mivtachim is part of a consortium that has closed financing for the Sorek power plant, a new gas-fired facility near Israel's Sorek desalination plant. Globes reported the development on Thursday, November 5, 2026.

The consortium includes Edeltech, Menora-Mivtachim and the Keystone infrastructure fund. Financing of about NIS 5.6 billion is led by Mizrahi Tefahot Bank and Israel Discount Bank, marking the final step before construction begins.

Power project sets next milestones

The plant is designed for 870 megawatts of capacity, although availability payments will cover 670 megawatts because of limits in Israel's national transmission network. Operations are scheduled to begin in November 2029, with gas supplied by Energean under a 15-year agreement worth about USD 1.4 billion.

The project is intended to serve rising electricity demand in the Tel Aviv metropolitan area. The group that develops the plant will retain ownership for 24 years and 11 months after operations begin, after which the concession is due to return to the state.

Share price and investor calendar

Menora Mivtachim stock traded at ILA 47,700 on the Tel Aviv Stock Exchange at 13:48:53 Israel time on Friday, November 6, 2026. Investors can follow the real-time quote of Menora Mivtachim stock. The next results are scheduled for November 26, 2026.

Menora Mivtachim's exposure to the project adds an infrastructure investment angle to a group whose results are primarily shaped by insurance, pensions, savings and investment management. The Sorek development also gives investors a longer-dated project milestone to track alongside the company's upcoming results.

Insurance and pension platform

Menora Mivtachim Holdings is an Israeli insurance and financial group specializing in managing client and policyholder funds. Its businesses include pension management, property and casualty insurance, and other financial services, with Menora Mivtachim Pension described by the company as Israel's largest pension fund.

The company says it manages about NIS 312 billion and benefits from diversified income sources. Its scale makes it one of Israel's five largest insurance and financial groups, while its pension platform gives it a stronger savings-management focus than a specialist insurer.