About the Israeli Electric Corporation
The Israel Electric Corporation was founded prior to the establishment of the state of Israel, in 1923. A state-owned company, it handles electricity production, management of power stations and electricity supply and sales to the private and business sectors in Israel.
The Israel Electric Corporation ensures continuous, quality supply of electricity to each and every home and consumer in the country. The company’s dedication to the steady supply of electricity requires ongoing care and maintenance of the existing electricity infrastructure, development of additional infrastructure, adaptation of electricity production systems to various or new energy sources, ongoing monitoring of available energy sources and forecasts for ensuring the availability of energy sources for future and emergency situations.
Parent Company and Subsidiary Relations
The Israel Electric Corporation is the sole owner of the Israel National Coal Company, which is its subsidiary. The two companies enjoy close cooperation, ensuring that imported coal meets the meticulous quality assurance standards set by the government, and that coal supply is continuous and regular, so that an emergency supply is available upon need.