Investor Presentaiton
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Israel Electric
"Kosher Electricity" program
■ On May 7, 2023, the Israeli government approved the first phase of the national plan for
energy storage in urban areas. As part of the program, the EA will create the appropriate
regulation that will allow the consumption of electricity at a normal rate, in areas where
the population requests it.
■ According to the decision, IEC will build a storage facility for the purpose of supply pilot of
"kosher electricity" through one facility and will operate to sell the facility and hand over
possession of it no later than three years from the day the facility's operation.
■ It was decided to establish an inter-ministerial team to examine the needs for changes
required to allow the private sector to provide storage services and in particular Kosher
electricity services.
Source: IEC's Financial Statements for 2022FY and for 9M.2023
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