Israel Electric Corporation
Encyclopedia
Electric power
Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...
in Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
.
IEC builds, maintains and operates power generation stations, sub-stations, as well as the transmission and distribution networks.
The company is the sole integrated electric utility in the State of Israel and generates, transmits and distributes substantially all the electricity used in the State of Israel. The State of Israel owns approximately 99.85% of the Company.
History
The Company was founded by Pinhas RutenbergPinhas Rutenberg
Pinhas Rutenberg was a prominent engineer and a businessman, a Russian socialist and a Zionist leader. He played an active role in two Russian revolutions, in 1905 and 1917. During World War I, he was among the founders of the Jewish Legion and of the American Jewish Congress...
and incorporated in mandatory Palestine on March 29, 1923, with its main object to produce, supply, distribute and sell electricity to the consumers. Israel Electric Corp. was first registered under the name "The Palestine Electricity, Corporation Limited", which was changed in the year 1961 to its present name "The Israel Electric Corporation Limited".
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 stationThermal power station
A thermal power station is a power plant in which the prime mover is steam driven. Water is heated, turns into steam and spins a steam turbine which drives an electrical generator. After it passes through the turbine, the steam is condensed in a condenser and recycled to where it was heated; this...
s) with an aggregate installed generating capacity of 10,899 MW. Most of the base load
Base load power plant
Baseload is the minimum amount of power that a utility or distribution company must make available to its customers, or the amount of power required to meet minimum demands based on reasonable expectations of customer requirements...
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
Orot Rabin
Orot Rabin is a coal-fired power station situated on the Mediterranean coast in Hadera, Israel. It is owned and operated by Israel Electric Corporation .-History:...
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 Amos Lasker.
Generation capacity
| Plant type | Fuel | Capacity [MW] |
|---|---|---|
| Steam powered power plants | coal, fuel oil, natural gas | 6,612 |
| Jet turbines | natural gas, diesel | 504 |
| Industrial gas turbines | natural gas | 1,700 |
| Combined cycle Combined cycle In electric power generation a combined cycle is an assembly of heat engines that work in tandem off the same source of heat, converting it into mechanical energy, which in turn usually drives electrical generators... |
mixed | 2,848 |
| Total | 11,664. |