Israel Electric Financial and Sector Reform Update
The Sector Reform Timeline
חברת החשמל
Israel Electric
Done
Prepared for vacant
possession
Done
Gov' Decision on Reform
Sale of Alon Tavor site
Sale of the land of 'Project D'
Separation of the System Management & PDT
Done
Submitting a plan in Reading site
before depositing for two new CCGT
Done
Sale of 'Ramat Hovay' site
In discussions
In Process
In Process
Done
In Process
In Process
T= 0
06/03/18
Layout for continued operation of Reading site
(in accordance with the Arrangements Law)
Construction of the first NG fired CCGT H (unit 70) at 'Orot Rabin' site
Construction of the second NG fired CCGT H (unit 80) at 'Orot Rabin' site
Sale of 'East Hagit' site
Re-examination of the supply segment
Sale of "Eshkol❞ site
Supply segment pilot
Possession transferring
under an agreement to be
signed
by year 2032
Commercial
operation
Commercial
operation
Opening the electricity sector to
competition
T=18
12/03/19
T=22
03/31/20
T=30 T=36 T=39 T=41
12/03/20 06/03/21 09/01/21 11/01/21
T=48
06/01/22
T=55 T=58 T=60
01/01/23 03/31/23 06/01/23
Source: IEC's Financial Statements for 2021FY and for Q1.2022
Investor Relations
20
20
06/2022
T=64 T=67
10/08/23 12/31/23View entire presentation