GCA Financial Targets for Government Companies
The IEC Generation Segment & Fuel Mix
חברת החשמל
Israel Electric
Fuel Mix by Electricity Generated
January 1 - December 31, 2022
■ Construction of two combined cycle gas turbines (units 70-80) at
the 'Orot Rabin' site.
■ Deactivation and Preservation of coal-fired Units 1-4 at 'Orot-Rabin'
site in order to guarantee the reliability of electricity supply to
consumers.
Natural gas &
LNG
56.9%
Coal
42.6%
■ Conversion of the remaining 6 coal units to natural gas gradually
until 2026 (units 5-6 at 'Orot Rabin' and units 1-4 at 'Rothenberg').
Total generation in the electricity sector is expected to be coal free,
based on natural gas and renewable energies no later than year
2026.
IEC Generation Facilities (1)
No. of
units
Installed Capacity
(MW)
Steam (dual purpose) (coal and fuel oil) (2,3)
10
4,840
Steam (dual-purpose) (natural gas and fuel / diesel oil)
6
1,340
Gas turbine (internal combustion) (industrial gas)
9
914
Gas turbine (internal combustion) (jet engine)
Combined cycle (internal combustion and steam)
Total
16
504
9
3,357
50
10,955
Source: IEC's Financial Statements for 2021FY and for FY2022
1)
As of December 31, 2022
2)
Diesel oil &
Fuel oil
0.5%
January 1 - December 31, 2021
Natural gas &
LNG
55.5%
Coal
44.3%
Diesel oil &
Fuel oil
0.2%
3)
Units 1-4 at the Orot Rabin Power Station will be transferred to preservation subject to the following conditions: three natural gas reservoirs in separate infrastructure + start of the first CCGT activation. Please see the decision of
the Minister of Energy relative to the preservation of units 1-4 of February 8, 2021 published on the EA website
In accordance with the Minister of Energy's policy principles, which was published on the Ministry of Energy's website on November 24,2019, it was decided that units 5-6 at Orot Rabin Power Station and units 1-4 at Rutenberg
Power Station will gradually converse using natural gas in order to stop routine coal use until 2025 and no later than 2026.
Investor Relations
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