Dalia Energy Companies
Corporate brand
UnclaimedDalia Energy Companies is an Israeli electricity-generation and energy-infrastructure group operating large natural-gas power stations and energy-storage facilities.
Last updated October 14, 2026
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Overview
Dalia Energy Companies Ltd. is an Israeli energy-infrastructure company focused on electricity generation, power-station development, storage, and the supply of electricity to commercial and residential customers. The group is one of Israel’s largest private electricity producers and has been associated with the liberalization of a sector historically dominated by the state-owned Israel Electric Corporation. Its portfolio is centered on large, gas-fired facilities using combined-cycle and other modern generation technologies, supported by access to Israel’s gas and electricity transmission networks. The group’s corporate history is connected to Dalia Power Energies Ltd., which was established in July 2005 after the Israeli Electricity Sector Law framework ended the Israel Electric Corporation’s exclusive role in building new generating capacity. The founders were private entrepreneurs seeking to introduce additional competition into Israel’s electricity market. The original Dalia project was initially expected to be located near the mouth of the Dalia River in the Carmel region, which explains the name. Planning authorities later selected a site near Tzafit in the Yoav Regional Council, close to an existing Israel Electric Corporation facility and to national gas and electricity transmission infrastructure. Dalia power station was designated a national infrastructure project in 2010. Construction began in 2012 near Kibbutz Kfar Menahem and was completed in 2015. The plant uses combined-cycle technology, pairing gas and steam turbines, and has a reported generation capacity of approximately 912 megawatts. Natural gas is its principal fuel, with diesel available as a backup. When it entered service, the facility was described as Israel’s largest private power plant and supplied approximately 7 percent of national electricity demand. Dalia began selling electricity to business customers in 2015 and expanded into household supply from 2023. Dalia Energy Companies Ltd. was formed in October 2020 and took full ownership of Dalia Power Energies. In March 2022, the group’s bonds were listed for trading on the Tel Aviv Stock Exchange, providing a capital-markets channel for its infrastructure activities without establishing a publicly traded equity ticker. In 2023, the company broadened its portfolio through a lithium-ion storage facility at the Dalia site. The two-floor installation has reported storage capacity of 88 megawatt-hours and was connected to Israel’s national transmission grid in 2024 under the market model. The group expanded substantially through the acquisition of the Eshkol power station in Ashdod. The transaction was agreed in November 2023 as part of the privatization of an Israel Electric Corporation asset, while ownership transfer took place on June 3, 2024. Eshkol is one of Israel’s oldest major generating sites, having been built in the 1960s, and has reported total generation capacity of 1,606 megawatts. Dalia’s plan is to retire older steam-turbine equipment and replace it with a new approximately 850-megawatt plant alongside substantial energy-storage capacity. The planned replacement facility is to be named Avshal, in memory of Avshalom Haran, a Dalia director associated with completing the original Dalia station, and is scheduled in the supplied reference material for commercial operation in 2029. Dalia is also pursuing further expansion at Tzafit. In December 2024 it signed a memorandum of understanding with Bank Leumi and Discount Bank concerning financing of NIS 4.25 billion for Dalia 2, a proposed 630-to-900-megawatt facility. The planned plant would use an advanced H-type gas turbine and is described as targeting energy efficiency of approximately 63 percent. Across its existing and planned assets, the company’s positioning combines private-sector power generation, infrastructure-scale investment, electricity-market competition, and the integration of storage with dispatchable natural-gas generation.
History
Dalia’s origins lie in the restructuring of Israel’s electricity industry. Dalia Power Energies Ltd. was established in July 2005 after the legal framework governing the electricity sector removed the Israel Electric Corporation’s exclusive position in constructing new power plants. A group of private entrepreneurs formed the company to develop generation capacity and promote competition in a market that had traditionally relied heavily on the state-owned utility. The company’s first major project was the Dalia power station. The name referred to an earlier plan to locate the station near the mouth of the Dalia River in the Carmel region. That location was later changed by the National Infrastructure Committee. The plant was ultimately built near Tzafit in the Yoav Regional Council, close to an existing Israel Electric Corporation power station and adjacent to national gas and electricity transmission routes. These connections supported both fuel delivery and the distribution of generated electricity to demand centers across Israel. The Dalia station was declared a national infrastructure project in 2010. Construction began in 2012 near Kibbutz Kfar Menahem and was completed in 2015. The facility was built by GE and uses combined-cycle technology, combining a gas turbine with a steam turbine to improve fuel utilization. Its reported capacity is approximately 912 megawatts, with natural gas as the main fuel and diesel available as a backup. At commissioning, it became Israel’s largest private power plant and was reported to provide roughly 7 percent of the country’s electricity demand. The company began selling power to business customers in 2015. Dalia Energy Companies Ltd. was established in October 2020 and became the full owner of Dalia Power Energies. The new holding structure consolidated the group’s ownership of the original generation business. In March 2022, Dalia Energy Companies bonds were listed on the Tel Aviv Stock Exchange, marking an important financing milestone while leaving the company without a reported equity ticker. The group subsequently expanded beyond conventional generation. In 2023, it began supplying electricity to household customers, extending its commercial reach beyond business users. During the same year, it constructed a lithium-ion energy-storage facility at the Dalia site. The facility has two floors and reported storage capacity of 88 megawatt-hours. It was connected to Israel’s national transmission grid in 2024 under the country’s market model, adding a dispatch and balancing capability to the company’s generation portfolio. The largest portfolio expansion came through Eshkol. In November 2023, Dalia acquired the Eshkol power station in Ashdod from the Israel Electric Corporation as part of an Israeli privatization process. Eshkol was built in the 1960s and is regarded as one of Israel’s oldest and most important power stations. Its reported total capacity is 1,606 megawatts. The transaction was reported at NIS 9 billion, with the ownership transfer taking place on June 3, 2024. Financing included a reported NIS 6 billion loan from Bank Hapoalim and Mizrahi-Tefahot Bank. Dalia’s stated redevelopment direction for Eshkol involves retiring older steam turbines and constructing a new approximately 850-megawatt power station with large storage facilities. The planned replacement plant is to be called Avshal, honoring Avshalom Haran, described in the reference material as a Dalia director who helped lead completion of the Dalia station. Commercial operation is planned for 2029. In December 2024, Dalia advanced another expansion plan by signing a memorandum of understanding with Bank Leumi and Discount Bank for NIS 4.25 billion in financing for Dalia 2 at Tzafit. The proposed facility would have capacity of 630 to 900 megawatts and use an advanced H-type gas turbine, with projected efficiency of approximately 63 percent. Together, the Dalia and Eshkol assets, storage investments, and proposed replacement and expansion projects place the company among Israel’s most significant private participants in electricity generation and supply.
- 2024
Eshkol ownership transfers to Dalia
[1]Ownership of the Eshkol station transfers to Dalia on June 3, 2024.
- 2024
Dalia storage facility connects to the national grid
[1]The Dalia lithium-ion storage facility is connected to Israel’s national transmission grid under the market model.
- 2024
Financing memorandum for Dalia 2 is signed
[1]Dalia signs a memorandum concerning NIS 4.25 billion in financing for a planned 630-to-900-megawatt Tzafit facility.
- 2023
Household electricity supply begins
[1]Dalia expands its electricity-supply business from commercial customers to households.
- 2023
Lithium-ion storage facility is constructed
[1]The company constructs an 88-megawatt-hour lithium-ion energy-storage facility at the Dalia site.
- 2023
Eshkol acquisition is agreed
[1]Dalia agrees to acquire the Eshkol power station from the Israel Electric Corporation through the privatization process.
- 2022
Corporate bonds are listed
[1]Dalia Energy Companies bonds are listed for trading on the Tel Aviv Stock Exchange.
- 2020
Dalia Energy Companies is formed
[1]Dalia Energy Companies Ltd. is established and receives full ownership of Dalia Power Energies Ltd.
- 2015
Dalia power station becomes operational
[1]The approximately 912-megawatt combined-cycle plant is completed and begins supplying electricity to business customers.
- 2012
Construction of Dalia power station begins
[1]Construction starts near Kibbutz Kfar Menahem at the Tzafit site in the Yoav Regional Council.
Products and positioning
A large Israeli private power producer and energy-infrastructure operator positioned around reliable natural-gas generation, electricity-market competition, and the addition of grid-scale storage.
Combined-cycle natural-gas power plant · 2015
Dalia power station
Dalia’s principal generating asset is a combined-cycle power station at the Tzafit site near Kibbutz Kfar Menahem. Built by GE and completed in 2015, it combines gas and steam turbines and has reported generation capacity of approximately 912 megawatts. Natural gas is the primary fuel, while diesel provides backup capability. Its location near gas and electricity transmission infrastructure enables power delivery to customers and demand centers across Israel.
Lithium-ion grid storage · 2024
Dalia energy-storage facility
This two-floor lithium-ion facility was developed at the Dalia site to add electricity-storage capacity to the company’s generation portfolio. Its reported storage capacity is 88 megawatt-hours. The facility was connected to the national transmission grid in 2024 under Israel’s market model, supporting system flexibility alongside dispatchable generation.
Electricity-generation complex
Eshkol power station
Located in Ashdod, Eshkol is one of Israel’s oldest major power stations, dating from the 1960s. Dalia acquired the facility through the electricity-sector privatization process, with reported total generation capacity of 1,606 megawatts. The group’s redevelopment plan calls for the retirement of older steam turbines and their replacement with a new approximately 850-megawatt facility and large energy-storage installations.
Planned combined-cycle power plant
Dalia 2
Dalia 2 is a proposed new generating facility at the Tzafit site. The project is described as having planned capacity of 630 to 900 megawatts and as using an advanced H-type gas turbine. Its targeted energy efficiency is approximately 63 percent. In December 2024, Dalia signed a financing memorandum with Bank Leumi and Discount Bank concerning the project.
Electricity retail and commercial supply · 2015
Electricity supply services
Dalia supplies electricity to business customers and, from 2023, to household customers. The supply activity complements the company’s ownership and operation of generating assets and reflects its participation in Israel’s more competitive electricity market.
Brand decisions
2024
Redevelop the Eshkol site as AvshalGeneration changeBackground
Eshkol contains older steam turbines dating from an early period of Israel’s electricity system, while Dalia intends to modernize the acquired site.
Action taken
The company plans to retire the older turbines and build a new approximately 850-megawatt power plant with large energy-storage facilities. The planned plant is to be named Avshal.
Aftermath
Commercial operation is planned for 2029 according to the supplied reference material.
2024
Advance the Dalia 2 expansion projectProduct launchBackground
Dalia sought additional generation capacity at the Tzafit site to build on the existing Dalia station and use the site’s transmission connections.
Action taken
Dalia signed a memorandum of understanding with Bank Leumi and Discount Bank concerning NIS 4.25 billion in financing for a proposed 630-to-900-megawatt facility using an H-type gas turbine.
Aftermath
The project remained planned rather than operational in the supplied material. Its stated target efficiency is approximately 63 percent.
Proposed financing. NIS 4.25 billion (Memorandum signed December 2024)
2023
Add lithium-ion energy storageProduct launchBackground
The company sought to broaden its role beyond conventional electricity generation and add flexibility to its power portfolio.
Action taken
Dalia constructed an 88-megawatt-hour, two-floor lithium-ion energy-storage facility at the Dalia site.
Aftermath
The facility was connected to the national transmission grid in 2024 under the market model.
2023
Acquire the Eshkol power stationM&ABackground
Israel’s electricity sector was undergoing privatization, creating opportunities for private operators to acquire generating assets previously owned by the Israel Electric Corporation.
Action taken
Dalia agreed to acquire the Eshkol power station in Ashdod from the Israel Electric Corporation.
Aftermath
The transaction expanded Dalia’s reported installed generation portfolio and gave it control of a major legacy power complex. Ownership transferred on June 3, 2024.
Reported acquisition price. NIS 9 billion (Transaction agreed in November 2023; ownership transferred June 3, 2024)
2022
Use public debt-market financingStrategyBackground
Dalia Energy Companies needed financing capacity for an infrastructure business based on large generating assets.
Action taken
The company listed bonds for trading on the Tel Aviv Stock Exchange.
Aftermath
Dalia gained access to publicly traded debt financing, although no equity ticker is identified in the supplied material.
2020
Create a holding company for the Dalia generation businessStrategyBackground
Dalia Energy Companies Ltd. was established as the group-level company after the original Dalia Power Energies business had developed and operated the Dalia station.
Action taken
The new company received full ownership of Dalia Power Energies Ltd., consolidating the group’s principal generation asset under the new structure.
Aftermath
The structure provided the corporate platform for later bond-market financing, storage investment, electricity supply, and acquisition activity.
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