About Us

The Israel Electric Corporation (IEC) is a public, government company, 99.85% of its

shares are government-owned and traded on the Tel-Aviv and Singapore stock

exchange. Company activities include: generation; transmission, transformation,

distribution, supply and sale of electricity. The IEC maintains and operates 17 power

stations consisting of 63 generating units: 18 steam-fueled and 45 gas turbines, of

which 11 operate as combined-cycle units. By the end of 2014, IEC's installed

capacity totaled ----------- MW. The Company supplies reliable and high-quality

electricity, complies with leading service standards, maintaining economic,

commercial, and environmental principles. IEC currently employs 13,000 workers

and provides service to 2.56M homes.

Over the last decade, IEC invested more than USD 10B in developing the electricity

sector in Israel. Although government-owned, the Company trades on the Singapore

stock exchange and the capital needed to finance these investments was raised from

independent sources and capital raising in Israel and overseas .

Israel has an isolated stand-alone electricity grid. IEC’s integrated experience and the

high-quality design, reliability and availability of its products contributed to the

international reputation IEC has achieved. The Israel electricity sector depends

greatly on natural gas and imported coal. All IEC generation units are dual fuel

power plants, a factor that ensures additional reliability.