The National Coal Supply Corporation LTD

About National Coal Supply Corporation

The National Coal Supply Corporation (NCSC) handles the procurement of coal and its transportation from source countries to the Israeli Electric Corporation's coal power stations – the Rottenberg station in Ashkelon and the Orot Rabin station in Hadera.

A government-held company, the National Coal Supply Corporation is under full ownership of the Israeli Electric Corporation.

Background for the Establishment of the Company

The founding of the company in 1981 was brought about by a combination of various elements:

A demographic increase requiring preparation for an imminent rise in the electricity consumption in Israel.
The evolution of the Israeli industrial sector, which significantly increased electricity consumption.
The high costs of fuel oil (mazut).
The efforts to reduce air pollution levels entailing the use of fuel oil.
Decreasing dependency on fuel oil, widely controlled by hostile countries.

Upon establishment of the "Orot Rabin" power station, built to extend the manufacturing capacity of the Israeli Electric Corporation, the Israeli government wished to disperse risks in the energy market and ensure that alongside the use of mazut, the Israeli Electric Corporation would also enjoy access to alternative energy sources. Coal was the natural choice due to its availability and cost.

Key Activities

The NCSC employs approximately 25 people and its main activities focus on coal and shipping, both unique international markets.

The coal supplied to the Israel Electric Corporation is obtained from various source countries, such as Columbia, Russia, South Africa etc.

Coal purchase is performed in coordination with the requirements of the Israeli Electric Corporation and includes various types of coal, featuring unique properties and differentiated by several components including carbon, hydrogen, oxygen and organic compounds.

The company cooperates solely with reliable and renowned coal suppliers in the international coal market, and continuously strives to uncover new sources of coal.

While handling purchase contracts, the company handles coal transportation from source countries to the coal power stations in Israel (Hadera and Ashkelon), based on contracts with shipping suppliers for leasing Panamax and Cape Size bulk carriers, each featuring a cargo capacity of approximately 80,000 and 170,000 tons, respectively.

Another area of company activity is the subleasing of bulk carriers. Subcontracts of affreightment serve as a means for cost savings, and also facilitate operational flexibility in the sailing schedule.

Moreover, the company acts as a ship agency for coal ships arriving at Israel's sea ports, and under this framework, the company provides the ship's crew with equipment, food supplies, health services and more.

As of 2019, the company's financial turnover was $ 760 Million.

The NCSC – Future Prospects

In 2020 steam coal's share in IEC's fuel mix for electricity generation was 42.7%, and accounted for 26% of Israel's total fuel mix for electricity generation.

Following discoveries of several gas sources facing the Israeli shores over recent years, the Israeli government decided to promote the use of natural gas in Israel, with most of it designated for energy production.

In the near future, coal consumption is expected to decline due to the increasing usage of gas.

History

1980

The Israeli government decided to establish the company, and listed it in the Corporate Registrar.

1981

The company held its first meeting of the Board of Directors and launched its activities.

1984

The company sold coal to an industrial plant for the first time.

1987

Coal-based energy-producing facilities began operation in two leading factories in Israel.

1989

The coal terminal in Ashdod was established, and the company reached a total offloading of 50 million tons of coal.

2000

The coal terminal in Ashdod was closed and coal offloading was transferred to the open port in Ashkelon.

2003

The Israeli Electric Corporation purchased all stocks of the NCSC from the state, thus becoming the sole owner of the company.

2006

The Ocean Vanguard ship unloaded the largest coal cargo ever handled in Israel – 203,384 tons of South African coal.

2008

A peak year in the prices of coal and sea transport.

2009

Coal and shipping prices reached a rock-bottom point.

2012

A peak in the coal import to Israel – over 14M tons.

Board of Directors

Meir Shpigler – Director

Has been serving as a Director at the company since April 2024.

President & CEO at the Israel Electric Corporation Ltd.

Shlomo Tsarfati, Adv. – Director

Has been serving as a Director at the company since May 2017.

Earned an LLB from the Ramat Gan Academic College and a Masters Degree in Law from Bar-Ilan University.

Serves as Senior Vice President of Human Resources in the Human Resources Division of the Israel Electric Corporation Ltd.

Wesam Abu-Maarof, Adv. – Director

Has been serving as a Director at the company since May 2017.

Earned a BA in Law and Economics from the University of Haifa and an MA in Economics from the University of Haifa.

Certified as an attorney in 2002.

Serves as Haifa & North Grid Division Legal Advisor of Israel Electric Corporation Ltd.

Masha Alony, CPA – Director

Ms. Alony has served as a memeber of the Board of Directors Since 2014.

Ms. Alony holds a BA in Economics with specialization in Accounting, and an MA in Economics from the University of Haifa. She qualified as a Certified Public Accountant in 1999.

She is Currently the Head of Accounting Division at the Israel Electric Corporation.

Ms. Alony also serves as a member of the Board of Directors of Mahog – Israel Electric Corporation's Employee Pension Plan.

Liat Ben Uziel – Director

Has been serving as a Director at the company since January 2018.

Earned a BA in Management and Economics and an MA in Economics from the Technion and the University of Haifa.

Head of the Income and Rates Department in the Finance and Economics Division of the Israel Electric Corporation Ltd

Yossi Tamar – Director

Earned a BA in Law and Economics and an MA in Law from the Hebrew University of Jerusalem.

Serves as co-CEO of Capital Point since 2011.

Company Management

Moshe Bornstein – President & CEO

Mr. Bornstein serves as President & CEO since 11/2008.

Mr. Bornstein holds a BA degree in Computer Science and Economics from Bar-Ilan University.

He has worked for the company since January 1990, serving in various management positions. Over this period, he served as the Head of the Shipping Division, and for two years, he managed both divisions and served as the Head of the Shipping and Commerce Division.

Anna Yadgarov – Head of Commerce Division

Ms. Yadgarov has been with the company since 2003. Since 01/2010, she has served as the Head of the Commerce Division. Ms. Yadgarov holds an MBA from Tel Aviv University, served as an economic advisor in the Commerce Division, and later as the Deputy Head of the Division.

Paz Oref – Head of Shipping Division

Mr. Oref has served in the Shipping Division since 2006, and has been the head of the division since 2011. Mr. Oref holds an MA in Humanities from Tel Aviv University.

He has been working in various shipping areas for the past 20 years, among other, as a shipping agent, broker, and route manager.

Barak Silverstein, C.P.A LL.M – CFO & Head of the Information Systems Dpt.

Mr. Barak Silverstein serves as the Chief Financial Officer of NCSC and Head of the IT Department since 2008. Barak is a CPA and holds a B.A. in economics and accounting from Ben-Gurion University, as well as an LL.M from Bar–Ilan University. He was certified as an accountant since 1993.

Mr. Silverstein served for six years as an Audit Engagements Manager at Deloitte Israel, followed by eight years as CFO in commercial companies in the fields of software development and tourism.

Merav Shapira– Company Secretary

Ms. Shapira has served as Corporate Secretary since 01/2004. She holds a BA in Economics from the Hebrew University in Jerusalem and an MBA from Heriot-Watt University, UK. She also served as Assistant to the CEO in a NASDAQ-traded software company in the field of digital graphics. In addition, she served as Administrative Manager of start-ups in the fields of communications and dental equipment.

Adv. Keren Rip – Company Legal Counsel

Adv. Rip has served as an in-house legal counsel since July 2022.
Adv. Rip holds bachelor's degree in law (LLB), and a master's degree in law (LLM) from the University of Haifa. In addition, she holds degree in Architecture and Urban Planning (B.Arch) (Cum Laude) from the Technion- The Israel Institute of Technology.
Certified as an attorney in 2000.
Since 2004, she has served as an in-house legal counsel at the Israel Electric Corporation ltd. in various positions. Currently she serves as the legal counsel of the Financial Division for Financing and Banking, and of the Broadband Telecommunication Network Unit and the IT Division.

Numerical Data and Certified Financial Statements

Year	2018	2019	2020
Amount of Coal imported by the company (In Millions of Tons)	7.7	8.4	7.7
Number of Annual Ship Arrivals	64	74	61
Financial data (in Millions of NIS), Sales & Income	3,035	2,613	1,904

* Extract from audited financial statements

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.

Employee of Israeli Electric Corporation examines the flow of coal into grinding mill.

Click here for the Israel Electric Corporation Website

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.

About the National Coal Ash Board

The National Coal Ash Board is a state-owned entity established in 1993 by the Energy and Infrastructure Ministry (known today as the Energy and Water Ministry), in cooperation with the Environment (known today as Environmental Protection) and Interior ministries, the Israeli Electric Corporation and the National Coal Supply Corporation, in order to consolidate a state-wide effort to create a solution for coal ash, which is a mineral residue produced during coal burning, and which accumulates in the Coal Power Stations.

The activities of the National Coal Ash Board turned the coal ash from waste to a resource, leading to its utilization for the benefit of the economy and environment.

Coal Ash Board activity was ended at the beginning of 2020.

Coal Ash Board website data offers the knowledge and information accumulated during 25 years of the Coal Ash Board's activity, for the use of Coal Ash potential.

Click here for the National Coal Ash Board Website

Information Requests

Information regarding the NCSC can be obtained upon request, based on the guidelines of the Israeli Freedom of Information Act of 1998.

Requests for information can be filed using the attached form: Request Form

The request should be addressed as follows:

Ms. Merav Shapira

Supervisor of NCSC's Freedom of Information Act Implementation

The National Israel Coal Company Ltd.

20 Lincoln St.

Tel Aviv 6713412

Tel: 03-6257004

Fax: 03-6244046

Email: meravs@ncsc.co.il

Requests via email are recommended; however, fax or email requests will be handled as well.

Fees

The person filing the information request shall pay an information request fee in accordance with the Information Freedom Act (Fees) 1999.

The request entails a fee as specified in the Freedom of Information Act (Fees). The request fee, as well as handling and production fees (if required) can be paid via bank transfer to account 182281, Mizrahi Bank, Branch 461, to the National Israeli Coal Company, alongside the request.

For the request, you need to fill out an obligation form for paying the fees related to handling the request, signed by the requestor (in corporations, an authorized signer needs to sign).

Requests which are not filled out according to these guidelines will be returned to the sender.

Click to view the new fee regulations of the governmental unit for Freedom of Information.

Handling the Request

We will promptly update the person requesting the information, no later than 30 days from receiving the request, about the decision regarding the request. In the case that the company decides to make the information available, the company will provide it no later than 15 days from the date of the decision, subject to payment of the fee.