The Knesset has approved the final readings of a bill to reform the Israel Electric Company.
The main points of the reform were the sale of some of the company's production sites, removing management of the system from the company, the construction of two state-of-the-art combined-cycle (natural gas and steam) complexes, the opening of the electricity supply sector to competition and the creation of an unprecedented streamlining efficiency from the retirement of 1,800 employees, in addition to 1,000 who have recently retired.