Today
The IEC is one of the largest industrial companies in Israel, owning and operating an extensive nationwide power distribution network fed by 17 power station sites (including 5 major thermal power stations) with an aggregate installed generating capacity of 10,899 MW. Most of the base load electricity is generated using coal, though by the end of 2010, the company expects the majority (55%) of total installed generation capacity to be in the form of natural gas plants. In 2009, the company sold 48,947 GWh, of electricity. To meet projected future electricity demand, IEC capital investment program provides for the addition of 2,578 MW of installed capacity by the end of 2011. In addition, the government of Israel is seeking private companies to generate an additional several thousand megawatts by the middle of the 2010's which will then be distributed by the IEC.
The Orot Rabin power station owned by the IEC has Israel's second tallest structure, a chimney, standing at 300m, while Tel Aviv's distinctive Reading Power Station was one of its earliest.
The current CEO is Eli Glickman.
Read more about this topic: Israel Electric Corporation
Famous quotes containing the word today:
“Somewhere between a third and a quarter of all people living in America today were born between 1946 and 1965 and if you think you’re tired of hearing about us, you should try being one of us.”
—Anna Quindlen (b. 1952)
“The great majority of people in England and America are modest, decent and pure-minded and the amount of virgins in the world today is stupendous.”
—Barbara Cartland (b. 1901)
“The biggest disease today is not leprosy or tuberculosis, but rather the feeling of being unwanted.”
—Mother Teresa (b. 1910)