IEC Transmission Segment Development Plan 2023-2027
Progress in implementation of the electricity
sector reform and structural change
Selling generation sites
Reading site
חברת החשמל
Israel Electric
On September 13, 2023, the Minister of Energy and Infrastructures approved the team's recommendation ( a team which
established in order to examine various alternatives for the site, led by the general manager of the Ministry of Energy and
Infrastructure), by which, inter alia, the relevant government officials should act to promote the sale of the station. As well, a
statutory procedure must be promoted as soon as possible in order to facilitate the establishment of temporary units at the Reading
site, and to promote an outline for the transfer of responsibility for their establishment and/or operation to the private market for
the interim period.
■ Eshkol site
The Electricity Authority extended the generation licenses of the Eshkol site until December 3, 2023. The Tenders Committee of IEC
decided on July 18, 2023, to cancel the tender for the sale of the Eshkol site due to the withdrawal of the winner Eshkol Power
Energies Ltd from its proposal in the tender and conduct a new competitive procedure among the bidders who submitted proposals
in the tender, including a minimum price of NIS 9 billion, in accordance with the conditions in the procedure documents. On August
9, 2023, OPC filled an administrative petition with the Tel-Aviv District court against the company, pursuant to which the court was
requested, inter alia, to cancel the decision of the tenders committee regarding the cancellation of the tender and regarding a new
"competitive procedure" in its place. This petition was rejected on September 14, 2023, by the court, who's decision stated that the
Tender Committee's decision was proper, reasonable and unflawed.
Source: IEC's Financial Statements for 2022, H1.2023 and immediate reports as of September 14, 2023
Investor Relations
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