Company Solutions

The Israel Electric Corporation (“IEC”)

IEC serves residential, commercial, agricultural and industrial customers throughout the State of Israel, including East Jerusalem and the Palestinian Authority (PA).

IEC aims to be Israel’s leading electricity provider, an efficient and advanced electricity producer, and one of the world’s leading and most advanced grid infrastructure companies while continuing to guarantee and improve reliability of the electricity supply, as well as providing backup services for electricity consumers and producers.

Generation

IEC has installed generation capacity of ~10,000 MW from 50 generation units at 15 sites around the country.
In 2024, IEC generated 55.5% of its electricity using Natural Gas, 36.5% using Coal and 8% using Diesel.
In January 2025, our new CCGT in Hadera started commercial operation, and a second new CCGT is expected to start commercial operation in the summer of 2025.

Transmission and Transformation

IEC transmits electricity from generation sites to 13 switching stations and 149 sub-stations and then on to the Ultra-High Voltage grid though ~6,000 Km of power lines.

Distribution

The distribution of electricity from substations to the customers through ~71,000 Km of High Voltage and Low Voltage power lines, including consumer electricity meters.

Supply

Customer Service and the Collection for 3.1 million customers in Israel. This includes physical customer service sites, telephone call-center, digital and social-media channels, website, hybrid service points and mobile service centers.

Looking For

Main Challenges

Development plan for the distribution system for the years 2024-2030 - expected investment of USD 5.8 billion

• Adaptation of the electricity network to the absorption of electric vehicle
• Integration of smart systems Distribution network management system (ADMS)
• National infrastructure projects and charging terminals for public transportation, and server farms
• Smart meters and Competition in the supply segment
• Absorption of renewable energy generation and storage facilities
• Development plan for the transmission system for the years 2024-2030 – expected investment of USD 7.3 billion
• 440 different projects to support absorption of renewable energy generation facilities in accordance with Government policy, including addition of ultra-high and high voltage transmission lines, upgrade of existing network and addition of underground cable circuits.
• Formal plan approved by the Minister of Energy and Infrastructures and the Electricity Authority
• Expected to support the reliability of electricity supply, as well as the network survival
• Significant CAPEX plan of approx. USD 1.9 billion on average per year to support market challenges by 2030.

ESG (Environment, Social, Governance)

IEC supports the combination of renewable energy, electrical cars, promoting energy storage facilities.

Targeting natural gas as main fuel source, in order to reduce the environmental impact.

Implementation of an expanded investment plan in the T&D segments during the coming years to enable renewable energy absorption and to achieve the 2030 Ministry of Energy target on renewables.

Growing attention to ESG, especially in the environmental aspect (conversion of coal units to NG), the social aspect (diversity & inclusion) and the governance aspect (deepening corporate governance). Targeting natural gas as main fuel source in order to reduce the environmental impact.

Emergency Readiness

IEC is acting on a variety of main factors to ensure emergency preparedness:

• Defensive shielding project for critical energy facilities
• Increasing the stock of fuels for emergency use by the electricity sector
• Training of workers for Search and Rescue teams
• Developing systems for improving emergency preparedness and management of Emergencies

During the entire “Swords of Iron” War, employees were present at Company premises, with all inherent risks, in order to ensure that the residents, IDF bases and sites, strategic facilities and critical infrastructure had electricity.

Energy Storage

IEC’s market share up to 15% of the total storage volume of the private sector.
Transmission and storage license regulates the Company's activity in the field of storage at substations.
Significant Stand-Alone storage, PV combined with pumped storage and pumped storage are expected to enter.