Cellcom Energy signs NIS 820 million electricity purchase deal with Nofar Energy

• Cellcom Israel’s Cellcom Energy unit signed a 15-year power purchase agreement with Nofar Energy for discounted electricity in Israel.
• Total expected net payments over the contract term estimated at about NIS 820 million.
• Supply tied to standalone storage facilities planned for 2027-2029 operation, totaling about 100 MW with roughly 500 MWh capacity.
• Contract pricing set under the market model, reflecting a discount on the generation component, subject to a minimum price.
• Parent guarantees provided by Cellcom Israel, Mashk Energy to secure payment obligations, subject to capped amounts and potential covenant-based suspension.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cellcom Israel Ltd. published the original content used to generate this news brief on August 16, 2026, and is solely responsible for the information contained therein.