Israel Electric Corporation
Israeli electricity company / From Wikipedia, the free encyclopedia
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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.
Company type | Government-owned corporation |
---|---|
Industry | Electric utilities |
Founded | 1923; 101 years ago (1923) |
Founder | Pinchas Rutenberg |
Headquarters | Haifa, Israel |
Area served | Israel |
Key people | Yiftah Ron-Tal (Chairman since 2011) Ofer Bloch (CEO) |
Products | Electricity 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 |
Website | iec.co.il |
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]