Kenon’s Subsidiary OPC Energy Ltd. Announces the Completion of Acquisition of
Remaining Interest in the Basin Ranch Project by CPV Group
Singapore, February 3, 2026.
Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) subsidiary OPC Energy Ltd. (“OPC”) has announced the completion of CPV Group LP’s (a 70%-owned
subsidiary of OPC) (“CPV Group”) previously announced acquisition of the remaining 30% interest in the Basin Ranch Project, a gas-fired power
plant project in Texas with an estimated 1.35 GW capacity (the “Basin Ranch Project”). As a result, CPV Group now owns 100% of the Basin Ranch
Project.
For further information, see Kenon’s Reports on Form 6-K furnished to the U.S. Securities and Exchange Commission on October 23, 2025, October 28, 2025, October 29, 2025 and January 8, 2026.