Key Investment Highlights slide image

Key Investment Highlights

Progress in implementation of the electricity sector reform and structural change - cont. Investments in the T&D segments חברת החשמל Israel Electric On January 16, 2023, the Minister of Energy determined that the company will maintain its activity in the distribution segment as the holder of an essential service provider license for a period of 20 years. The company has not yet been granted a new license in the transmission segment. On September 21, 2023, the Electricity Authority published a hearing regarding its recommendation to grant the company a new transmission license. The license will replace the parts that refer to the transmission activity in the existing unified license for the company. The license will come into effect after the approval and signature of the Minister of Energy and Infrastructure and will be valid for 20 years. The company continued to increase its investments in the T&D segments and during the first nine months of 2023 invested a total of NIS 3.0 billion in those segments. Source: IEC's Financial Statements for 2022FY and for 9M.2023 Investor Relations 17
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