IEC ordered to continue worker talks

By MATTHEW KRIEGER
November 4, 2007 09:22

Under the reforms, the IEC will be split into a number of firms handling electricity production, distribution and transport by 2009.




In the ongoing push to introduce the electricity reforms into the market by the projected 2015 date, Finance Minister Ronnie Bar-On and National Infrastructures Minister Binyamin Ben-Eliezer signed an implementation order requiring the Israel Electric Corporation to continue negotiations with its worker representatives. Under the reforms, the IEC will be split into a number of firms handling electricity production, distribution and transport by 2009. By mid-2015, the production and distribution firms should be 49-percent privately owned. The reforms are aimed at creating real competition and a reduction in prices and were originally supposed to begin in 2013.


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