GCA Financial Targets for Government Companies
Done
Done
Done
The Sector Reform Timeline
In process
In discussions
✰ Gov' Decision on Reform
Sale of Alon
Tavor site
Sale of 'Ramat Hovav' site
Sale of 'East Hagit' site
Sale of "Eshkol❞ site
Layout for continued operation of Reading site (in accordance with the Arrangements Law)
חברת החשמל
Israel Electric
Due for a delay (1)
By the
year
2032
Done
Submitting a plan in Reading site for
two new CCGT, before depositing
Done
Separation of the System Management & PDT
Commercial
operation (?)
In process
In process
Prepared for
vacant
possession
Construction of the first NG fired CCGT H (unit 70) at 'Orot Rabin' site
Construction of the second NG fired CCGT H (unit 80) at 'Orot Rabin' site
Transfer of 'Area D'
Commercial
operation (2)
In process
Preparations for a pilot in the supply segment
Possession transferring
subject to milestones
standing in an agreement
Pilot in the supply segment Preparations for opening the electricity sector
to full competition (3)
T=0
03/06/18
T=18
3/12/19
T=22
31/03/20
T=30
3/12/20
T=39 T=41
1/09/21 01/11/21
T=48
1/6/22
T=55
01/01/23
T=60
3/06/23
T=64 T=66
30/09/23 12/2023
T=75
09/2024
03/2023
Source: IEC 's Financial Statements for 2022FY
1.
Delay is expected for Eshkol site sale until Q4-2023.
2.
3.
Commercial operation is the date on which the generation unit successfully passed all the acceptance tests of the System Manager as defined in the criteria published by the Electricity
Authority, and the generation license entered into effect.
The Electricity Authority (EA) is intended to open the electricity sector to full competition during 2024
Investor Relations
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