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Israel Electric Corporation

Israel Electric Corporation
Company nameIsrael Electric Corporation
Company typeGovernment-owned corporation
SloganWith you every moment ( )
IndustryElectric Utilities
Founder(s)Pinchas Rutenberg
HeadquartersHaifa, Israel
Area servedIsrael
Key peopleMichael Lazar (Acting Chairman since March 2010), Amos Lasker (CEO )
ProductsElectricity generation, transmission and distribution
Revenue 17.6 billion
Operating income 332 million
Net income 253 million
Employees9,782 permanent employees
2,894 temporary employees

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Israel Electric Corporation ( , abbreviation: IEC) is the main supplier of electrical power in Israel.

IEC builds, maintains and operates power generation stations, sub-stations, as well as the transmission and distribution networks.

The company is the sole integrated electric utility in the State of Israel and generates, transmits and distributes substantially all the electricity used in the State of Israel. The State of Israel owns approximately 99.85% of the Company.

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