The Israel Electric Corporation Ltd - Company Profile
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The Israel Electric Corporation Ltd (IECL) is formerly known as Palestine Electric Corporation Ltd., is a public and government-owned company that carries out the generation, transmission, distribution, sale, and supply of electricity. The State of Israel owns around 99.85% of the company. The company generates power mainly by utilizing conventional energy sources such as coal, oil, and gas. It builds, maintains, and operates power generation stations in Israel an also focuses on improved efficiency, quality, improvement, reliability and availability of electricity supply, and strives toward the minimization of costs. IECL sells electricity to a wide range of customers including residential, commercial, agricultural, industrial, and water pumping customers, among others. IECL is headquartered in Haifa, Israel.
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Products and Services
Products | Services |
---|---|
Electricity | Transmission |
Distribution |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In July, the company and Landis+Gyr signed an agreement for smart metering solutions. |
2021 | Asset Disposal | In December, the company sold a part of its Hagit site for ISL1,600 million. |
2020 | Contracts/Agreements | In January, the company awarded an agreement to GE for a second 9HA.01 heavy-duty gas turbine. |
Competitor Comparison
Key Parameters | The Israel Electric Corporation Ltd | Kenon Holdings Ltd | Dalia Power Energies Ltd | Dorad Energy Ltd. | IPM Beer Tuvia Power Plant Ltd. |
---|---|---|---|---|---|
Headquarters | Israel | Singapore | Israel | Israel | Israel |
City | Haifa | Singapore | Tel Aviv | Petah Tiqwa | - |
State/Province | Haifa | - | Tel Aviv | - | Jerusalem |
No. of Employees | 10,121 | 6,817 | - | - | - |
Entity Type | Private | Public | Private | Private | Private |
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Meir Spigler Ben Uri | Chief Executive Officer | Senior Management | 2022 | 65 |
Itzhak Balmas | Senior Vice President - Grid Services; Deputy Chief Executive Officer | Senior Management | 2015 | 59 |
Amir Livne | Vice President; Head - Re-Structure Process; Senior Executive Assistant- President & CEO | Senior Management | - | 55 |
Danny Garbehagi | Senior Vice President | Senior Management | - | - |
Joseph Roffe | Vice President - Generation and Energy; Head - Generation, Engineering and Cross-District | Senior Management | 2023 | 58 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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