State-owned Israel Electric Corp., reeling from cash flow problems, needs a capital infusion within 10 days, without which it may default on its debt, sources told TheMarker.
Israel Electric Corp. needs cash infusion within 10 days, or may default on debts
At month-end, a mountain of debt comes due and the IEC has only NIS 400 million cash in hand.
Text size
this story is by
Itai Trilnick
Avi Bar-Eli


