The station is operational and connected to the grid and is expected to begin producing energy in full capacity in 2Q 2014. Dorad intends to sell the electric power generated to end-users from various sectors at rates that will compete with those offered by the Israeli Electric Corp. (IEC).
End-users will be supplied with power through IEC's transmission and distribution lines under the Electricity Sector Law and its regulations, and in conformance with the criteria and rates set forth by the Public Electricity Utility Authority.
Through a wholly owned subsidiary Ellomay holds, indirectly, approximately 7.5% interest in Dorad and has the option to purchase an additional approximately 1.9%. Our fellow direct and indirect shareholders in Dorad include: