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1 Netiv Ha'or St. Haifa 35222, Israel Tel. +972-4-8185-000 Fax +972-4-8185-151 |
Type: Government-owned
On the web:
http://www.israel-electric.co.il
Employees:
12,212
At least there's one thing Israelis and Palestinians have in common: Israel Electric Corporation (IEC), which generates, transmits, and distributes electricity to all of Israel and the areas controlled by the Palestinian Authority. Founded in 1923 as The Electric Company for Palestine, IEC became a government-controlled monopoly shortly after the Jewish State was founded in 1948. Serving 2.4 million customers, the company has 17 primarily fossil-fueled power plants with a total of about 11,650 MW generating capacity. Its investment programs are partly funded by international bonds.
Key numbers for fiscal year ending December, 2008:
Sales: $4,896.9M
Officers:
Chairman: Shlomo Rothman
President and CEO: Jacob Razon
SVP Finance and Economics: Joseph Dvir
