The Israel Electric Corporation Ltd - Company Profile
Powered by 
All the data and insights you need on The Israel Electric Corporation Ltd in one report.
$295
- Save hours of research time and resources with
our up-to-date The Israel Electric Corporation Ltd Strategy Report
- Understand The Israel Electric Corporation Ltd position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Related keylists
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.
Headquarters
Israel
Address
1 Netiv Haor Street, Haifa, 3100001
Website
www.iec.co.il
Telephone
972 76 8631555
No of Employees
10,121
Industry
Power
Revenue (2022)
$6.9B
The Israel Electric Corporation Ltd premium industry data and analytics
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 |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward