OPC Energy Ltd. (TASE:OPCE) announced a significant financing agreement with Bank Leumi for its Hadera Expansion project, which is projected to cost between $1.7 billion and $1.8 billion. The financing will cover approximately 80% of the construction expenses, with a loan term ranging from 6 to 10 years. Interest rates will be based on the Prime rate, plus a margin of 0% to 0.7%, depending on the loan duration. The project aims to develop a combined cycle natural gas-fired power plant with a generation capacity of about 850 megawatts, situated adjacent to the existing Hadera power plant. Solel Boneh will serve as the EPC contractor, collaborating with an international contractor for the engineering, procurement, and construction phases. The completed facility is expected to sell electricity in the SMP market and receive availability payments from the System Operator for 25 years. OPC Energy has shown strong financial health, with liquid assets surpassing short-term obligations and a current ratio of 4.01. Over the past year, the company's shares have increased by 192%, although they are currently considered overvalued according to InvestingPro analysis.