Israel Electric Corporation

Israel Electric Corporation
Company typeGovernment-owned corporation
IndustryElectric utilities
Founded1923 (1923)
FounderPinchas Rutenberg
HeadquartersHaifa, Israel
Area served
Israel
Key people
Yiftah Ron-Tal (Chairman since 2011)
Ofer Bloch (CEO)
ProductsElectricity generation, transmission and distribution
Revenue 27.7 billion (2013)[1]
 1.4 billion (2013)[1]
 (808) million (2013)[1]
Number of employees
9,782 permanent employees
2,894 temporary employees
Websiteiec.co.il
The first diesel-powered station in Tel Aviv, architect Joseph Berlin, built in 1923

Israel Electric Corporation (IEC; Hebrew: חברת החשמל לישראל) is the largest supplier of electrical power in Israel and the Palestinian territories. The IEC builds, maintains, and operates power generation stations, sub-stations, as well as transmission and distribution networks in Israel.

The company is the sole integrated electric utility in the State of Israel. Its installed generating capacity represents about 75% of the total electricity production capacity in the country. It transmits and distributes substantially all the electricity used in Israel, including power generated by other producers. The State of Israel owns approximately 99.85% of the company.[2]

  1. ^ a b c Annual Report Year 2013, Page 306
  2. ^ "Globes Dun's 100 – The Israel Electric Corporation Ltd". Archived from the original on 2015-02-25. Retrieved 2015-02-25.

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