Nesher enjoys financial strength, which stems from its joint ownership by Clal Industries, one of Israel’s largest investment companies, which belongs to the IDB Group, and CRH, a leading consortium in the international construction market. Nesher is Israel’s sole producer of cement. In 31.8.2006 Nesher received a generation license for a 48 MW open cycle conventional IPP. In January 2007, EMG signed a contract to supply Nesher with $10 million of natural gas under a 15 year contract at a gas price of $3.70 – $4.50 mmbtu. In November 2009 the Nesher cement cogeneration plant started to generate electricity.