Boosting funding for Israel's water infrastructure expansion, Mekorot secures NIS 1.11 billion in oversubscribed bond offering.
The national water company maintained service during recent crises, earning recognition for its emergency preparedness and setting new standards for resilience in Israel's water infrastructure.
Mekorot CEO Amit Lang spoke about the challenges facing Israel's water sector during the war at the Infrastructure, Energy, and Transportation Conference of the Jerusalem Post Group, Maariv and Walla
Mekorot announces a significant investment to double water supply to southern Israel, enhancing agricultural support and regional development.
A major focus of these investments is water supply and quality, operations and maintenance, cybersecurity protection, energy management, and infrastructure maintenance.
Argu's advanced system, based on a smart algorithm that integrates with Mekorot's camera system, can identify and report anomalies related to security and water quality in real time.
New suppliers Enlight, Shikun & Binui Energy, and PowerGen join Mekorot's pool to provide electricity, reducing costs and supporting the national water system from Dan to Eilat.
The pioneering project aims to enhance green electricity production and reduce carbon footprint.
Although there are always challenges in the water market, Mekorot CEO believes that innovation and advanced technologies are key to success.
Mekorot's 2023 net profit declined to NIS 190M due to one-time events. Revenue increased by 5% amid rising water sales
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