NEWS AND PUBLICATIONS

November 11, 2013 "Profit Test" as a pre-condition to dividend distribution (A motion to approve Derivative Action no. 49615-04-13 Lahav Vs. IDB Development Ltd. et al.)
November 11, 2013 The Boards duties to shareholders during merger approval procedures (Civil Case 9433-11-09 Mirkaei Tikshoret Ltd. et al. Vs. Gilat Satellites Networks Ltd. et al.)
December 17, 2013 A Violation of fiduciary duty by directors and officers (Civil Case 13484-03-09 Gad Hitron et al. Vs. Adi Teler)
November 28, 2013 A mechanism to adjust the exercise price of employees stock options plan
December 24, 2013 Public Utility Authority Electricity updates Feed-in-Tariff rates of residential and commercial PV systems
January 16, 2014 The minimal overall efficiency threshold of cogeneration plants is increased from 60% to 70%
 

December 24, 2013 Public Utility Authority Electricity updates Feed-in-Tariff rates of residential and commercial PV systems

As a result of low demand (only 22%) of the current Feed-in-Tariff quota of commercial PV systems (16.5KWp-50Kwp), PUA (Public Utility Authority – Electricity) has decided to increase the FIT rate of such systems to NIS 0.526/Kwh. The updated tariff will be in force until the earlier of the following two dates: Dec 31, 2014 or once the total installed capacity will reach a quota totaling 20MWp (Resolution # 9, Meeting no. 417; Dec 24, 2013). Under the same resolution, PUA has updated the FIT rate of residential PV systems (4KWp-16.5Kwp) in accordance with the regulatory linking formula, to NIS 0.6435. The updated tariff will be in force until the earlier of Dec 31, 2014 or the exploitation of the total 10MW quota.


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