December 26, 2014 11:19 AM ET

Electric Utilities

Company Overview of Israel Electric Corporation Limited

Company Overview

The Israel Electric Corporation Limited generates, transmits, distributes, sells, and supplies electricity in Israel. It operates through threes segments: Power Generation, Power Transmission and Transformation, and Power Distribution. The company serves households, industrial, public and commercial buildings, and bulk water pumping and agriculture customers. As of December 31, 2013, it owned and operated 17 generation facilities, including 5 steam-powered power stations with total installed generation capacity of 13,483 megawatts; and had 63 generation units comprising 18 steam generation units, 13 gas turbine integrated cycle units, 16 jet gas turbine units, and 15 industrial gas turbine u...

1 Netiv Ha'or street

PO Box 10

Haifa,  3100001

Israel

Founded in 1923

9,775 Employees

Phone:

972 4 818 4700

Fax:

972 4 818 4710

Key Executives for Israel Electric Corporation Limited

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Senior Vice President of Finance & Economics
Age: 49
Deputy Chief Executive Officer and Senior Vice President of Planning
Age: 64
Deputy Chief Executive Officer and Senior Vice President of Customer & Business Development Division
Age: 59
General Counsel
Age: 64
Compensation as of Fiscal Year 2014.

Israel Electric Corporation Limited Key Developments

Israel Electric Corporation Limited, Annual General Meeting, Dec 25, 2014

Israel Electric Corporation Limited, Annual General Meeting, Dec 25, 2014., at 08:30 Singapore Standard Time. Location: 14 Ha'hashmal St., Tel-Aviv. Agenda: To consider appointment of an auditor and determination of fee; to consider amendment of the company's remuneration policy; to consider periodical report for the year ended on December 31, 2013; to consider the effective date and proof of ownership of a share; to consider legal quorum and adjourned meeting; to consider inspection of documents; to consider participation and voting at the meeting; and to consider voting by voting paper and statements of position.

Israel Electric Corporation Limited, Annual General Meeting, Dec 18, 2014

Israel Electric Corporation Limited, Annual General Meeting, Dec 18, 2014., at 15:30 Israel Standard Time. Location: Company's Board of Directors meeting hall, at 14 Ha'hashmal St.. Agenda: To consider appointment of an auditor and determination of fee; to consider amendment of the company's remuneration policy; and to consider a discussion on the company's periodical report for the year ended on December 31, 2013.

State Offers Incentive To Israel Electric Corporation To Sell Plants

The State will increase Israel Electric Corporation Limited's equity and decrease its debt if it takes steps to sell power plants in 2015, said Israeli Government Companies Authority Director General Ori Yogev to the IEC Board of Directors. The Yogev Committee's recommendations also included the sale of the 912 megawatt Ashdod power plant.

Similar Private Companies By Industry

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Israel Power Ltd. Middle East/Africa
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Shikun & Binui Renewable Energy Ltd. Middle East/Africa
OPC Ramat Hovav Ltd. Middle East/Africa
Israel Electric Corporation Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 9, 2014
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