The lake is still 23 centimeters below the bottom red line, according to the Kinneret Authority.
The lake is only 1.50 meters above the black line, below which irreversible ecological damage would occur.
Private equity firm Fortissimo is seen as a leading candidate to buy the Israeli precision irrigation pioneer, which is facing fierce competition in a stagnant market.
Water supply is one of the main constraints on the development of Eilat, and this significant expansion will open the door to the enlargement of the Red Sea resort.