Veridis

Veridis operates mainly in the field of the environment, which includes two areas - household waste collection and energy. In the first area, the company operates transit, sorting and recycling stations, produces alternative combustible material from waste for Nesher, and owns landfills. In addition, it is engaged in the production of compost and l... andfilling of organic waste, as well as in the treatment and incineration of hazardous waste. The second area, energy, includes the holding of 20% of the shares of OPC Rotem, which operates a conventional power plant in Mishor Rotem with 466 megawatts combined cycle technology. Veridis also owns 20% of AJS Rotem, which plans to build a 530-megawatt natural gas-fired power plant. Another area of activity is water desalination, which includes the holding of 50% of the shares in the Ashkelon desalination plant until 2027. Veridis also fully owns the operator of the plant that supplies the country with 120 million cubic meters of desalinated water per year - i.e. 20% of all its desalinated water.Read More