IEC Transmission Segment Development Plan 2023-2027
Progress in implementation of the electricity
sector reform and structural change - cont.
חברת החשמל
Israel Electric
Financial stability
IEC expects that some of the financial stability goals established as part of the reform and some of the
goals established in the BOD's decisions may be exceeded, this is in light of: changes that have occurred in
the tariff base for the generation segment, the tariff update for 2023, an increase in investments
according to the development plan in the transmission segment for the years 2023-2030, the gas
conversion project of coal units at the Rotenberg and Orot Rabin sites, the replacement of meters with
smart meters by the end of 2028, the implementation of the wage agreement in the public sector and the
accumulated debt of East Jerusalem Electricity Company.
The Company continues to work with the Electricity Authority and the Ministry of Energy in order to find
solutions to finance the scope of the extensive investment activity in the coming years in T&D segments.
The Company's management believes that the Company has sufficient funding sources of financing its
activities and to repay its obligations in the foreseeable future, and it performs and will continue to
perform any action to maintain its financial strength. The Company does not anticipate that failure to
meet the financial strength goals, as set forth in the reform, in itself, will have implications for the
Company's current activities.
Source: IEC's Financial Statements for 2022FY and for H1.2023
Investor Relations
18View entire presentation