Regulatory Filings • Jan 8, 2026
Regulatory Filings
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Registration Number: 510459928
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd.
Form No.: T053 (Public) Sent via MAGNA: 08/01/2026
Israel Securities Authority Website: www.isa.gov.il
TASE Website: www.tase.co.il Reference: 2026-01-004155
Regulation 36 of the Securities Regulations (Periodic and Immediate Reports), 1970
Results of an issuance must be reported in T20 and not in this form.
A report on the rating of bonds or corporate rating must be submitted using Form T125.
Delayed report
Generator malfunction event at the Orot Yosef Power Station (Ramat Hovav)
1.
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
The company reports that following a malfunction discovered in the generator in production unit 8 at the Orot Yosef power station (owned by Ramat Hovav Power Station - Limited Partnership, in which the company indirectly holds 50% of the rights; "the partnership"), on January 7, 2026, experts arrived at the power station to conduct examinations, investigate the malfunction, and consider various options for its repair. Due to the aforementioned malfunction, a combined cycle generation unit (CCGT 89) with a total nominal capacity of about 380 MW, which constitutes about 32% of the total capacity (about 1,200 MW) of the station, was shut down.
During the shutdown, the station will not be eligible to receive availability payments for the shut-down generation unit (CCGT 89). Note that the other generation units at the station remain available to the system operator and are able to produce energy (as per its instructions).
At this stage, it is not possible to accurately assess the financial implications of the malfunction and the duration of the shutdown, and these are being examined by the company. However, according to consultations held between the partnership and its insurance advisors, the malfunction is covered under the partnership's all-risk insurance policy, which also covers loss of profits, all subject to the policy's terms and deductibles. The expected damage (direct and indirect) that the partnership may bear, taking into account the insurance coverage, may amount to approximately NIS 68 million (the company's share – NIS 34 million).
The company's assessment regarding the scope of the damage the partnership will bear is forward-looking information as defined in the Securities Law, 1968, based on an initial assessment of the damage caused, and it may not be realized or may be realized differently, among other things, for reasons not dependent on the group, such as an extension of the shutdown period, the occurrence of additional malfunctions during the repair process, and so on.
| 2. The date and time at which the corporation first became aware of the event or matter: 08/01/2026 at 09:13. | ||||
|---|---|---|---|---|
| 3. If the report was delayed - the reason for the delay in its submission: | ||||
| 4. On the date at time the prevention to report was removed. |
| # | Name | Position |
|---|---|---|
| 1 | Yuval Skornik | CEO |
| 2 | Imri Kozak | Other (Legal Counsel VP) |
Explanation: According to Regulation 5 of the Periodic and Immediate Report Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here
The corporation's securities are listed for trading on the Tel Aviv Stock Exchange
Short Name: SHUV ENERGY
Address: 1A Hayarden St., Kiryat Sde Tepuah, 7019900
Phone: 03-6305780 Fax: 03-6304976
Email: imri\[email protected]
Website: www.shikunbinui.com/he-IL/energy
Previous Names of the Reporting Entity:
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Electronic Signatory Name: Imri Kozak
Position: Legal Counsel
Address: 1A Hayarden St., Kiryat Sde Tepuah, 7019900
Phone: 03-6301090 Fax: 03-6304976
Email: imri\[email protected]
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