Banking & Finance
Project Finance
Our Project Finance department has been at the forefront of the project development and finance market in Israel since the first projects began in the mid-1990’s. Since then, our team has led the way in advising on infrastructure projects in a wide range of sectors – roads, railways, energy, desalination, oil and gas and others.
Our department's unique edge is its extensive experience in advising all the key players in the financing of major projects, including sponsors, concessionaires, lenders and public authorities. This experience gives us the understanding we need to provide clients with creative solutions needed for complex and challenging projects.
Based on our experience and our ability to help clients achieve their goals, we are habitually recognized as the leading project development and finance practice in Israel by international and domestic legal directories.
As part of our work, we advise clients on all aspects of project development and financing, including:
- Structuring, negotiating and documenting financing agreements, including loan and credit facility agreements and security documents;
- Preparing and negotiating project agreements, including concession contracts, construction agreements (EPC Contracts), and operating and maintenance agreements;
- Drafting Power Purchase Agreements and advising private power producers and customers in relation to power and other industrial services (e.g. steam, flue gas, etc.) sale and purchase agreements;
- Drafting consortium agreements among entrepreneurs;
- Advising developers on the all stages of project development, from land acquisition through to construction and operation;
- Advising on preparing pre-qualification submissions and bids in tenders for BOT/PFI/PPP projects;
- Advising tender committees on structuring and drafting tenders for BOT/PFI/PPP projects;
- Advising on environmental and regulatory compliance and licensing issues and assistance with obtaining the necessary approvals and permits;
- Advising on real estate issues related to infrastructure projects.
In the energy sector, we have advised lenders, sponsors and developers on the development of almost all of the large scale independent power plants in Israel, using conventional, cogeneration, PV, solar thermal, pumped storage and wind technology.
Our Project Finance team has also been involved in all of the desalination projects in Israel, acting for the water utility company, lenders or developers.
In the oil and gas sector, we have been involved in the development and financing of the natural gas discoveries in Israel’s territorial waters. We have advised petroleum licence-holders and operators as well as local and international financial institutions on financing the developments of petroleum discoveries. Our work in the energy sector also includes advising clients on multiple large scale Gas Sale and Purchase Agreements (GSPAs) and the commercial and regulatory issues raised by these complex agreements.
Our team also specializes in advising buyers and sellers on M&A transactions involving infrastructure projects and similar assets, such as power plants.
Adam Eytan
Partner
Mark Phillips
Partner
Project Finance News & Insights
It is not often that we get to feel part of something that is truly historic but being part of

Congratulations to our client, Mubadala Petroleum, on the signing of an agreement to acquire Delek’s share in the Tamar natural gas field
We are proud to have participated in another major infrastructure project. We recently represented Mizrahi Tefahot Bank and a consortium

The Manara Cliff Project is Taking Off
We advised Bank Hapoalim on financing the Municipal Solid Waste Treatment project being developed by Zero Waste Ltd. The new

We advised Bank Hapoalim regarding financing the Municipal Solid Waste Treatment project
We want to thank you all for tackling the challenges of 2020 with us and hope that in 2021 we

Have a Happy and Healthy New Year 2021
Dear Friends and Colleagues, We are delighted to announce that Irit Roth has returned to our office as a senior

Irit Roth returns to Herzog Fox & Neeman
As you know, Israel continues its efforts to deal with the Corona Virus and contain it, to avoid its spreading

Handling the Corona Virus- Live Updates
We recently represented a group of lenders comprised of Bank Leumi, and funds under management of the Psagot and Amitim

Congratulations to Bank Leumi, Psagot and Amitim Group on the “Etgal” Power Plant on Ashdod
The prestigious IFLR1000 rankings are out and we are, once again, proud to be ranked Tier 1 in both Banking and Project

IFLR 1000 | We are proud to be ranked Tier 1 in two practice areas
Our client -IEC – Israel Electric Corporation has announced that a partnership of Edelcom, Edeltech and Shikun & Binui is

Herzog Fox & Neeman Advised IEC -Israel Electric Corporation

Herzog Fox & Neeman is Pleased to Announce the Appointment of 14 New Partners
Herzog Fox & Neeman is delighted to have been ranked band 1 in 8 practice areas by Chambers Global 2019:

Chambers 2019 | Herzog Fox & Neeman Ranked Band-1 in 8 Practice Areas!
Mark Phillips
Partner
Banking & Finance, Corporate, Corporate Finance, Mergers & Acquisitions, Project Finance
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