GCA Financial Targets for Government Companies
IEC'S COVID-19 Implications
Investments
חברת החשמל
Israel Electric
Supply Chain Security
The fuel supply to IEC
was not affected by the
COVID-19 restrictions
There were no significant delays in
the investments in the transmission
and distribution segments, nor to
the investment in the combined
cycle at Orot Rabin site
CXVID-19
Continuity of service
& operations
IEC was prepared
in
advance, in
accordance with the requirements of
the Israeli law, for business continuity
during the crisis period and entered this
challenging period with pre-defined
work processes, in order to protect
employees as well as ensuring energy
supply and maintenance activities
Cash Management
& Finance
Maintaining sufficient liquidity
above the BoD's goals ("safety
cushion") including a Long-
term fundraising in May 2020
In cooperation with the State
authorities, several steps have
been taken to provide reliefs for
the electricity consumers such as
the possibility of delaying the
payment of electricity bills and
support was provided to some
vendors
Executive Branch
of the State
Source IEC 's Financial Statements for 2022FY
Investor Relations
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