BRIEF-Kenon's Subsidiary Opc Announces Entry Into Non-Binding Term Sheet For Investment In Its U.S. Renewable Energy Business

Reuters04-16

April 16 (Reuters) - Kenon Holdings Ltd :

* KENON'S SUBSIDIARY OPC ANNOUNCES ENTRY INTO NON-BINDING TERM SHEET FOR INVESTMENT IN ITS U.S. RENEWABLE ENERGY BUSINESS

* KENON HOLDINGS LTD - OPC ENERGY LTD ANNOUNCES CPV RENEWABLE POWER ENTERED NON-BINDING TERM SHEET REGARDING A POTENTIAL INVESTMENT OF $300 MILLION

* KENON HOLDINGS - IF DEAL COMPLETED, INVESTOR TO INVEST $300 MILLION IN CPV RENEWABLE FOR ISSUANCE OF ABOUT 32.6% OF ORDINARY EQUITY INTERESTS IN CPV

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