Mekorot Water Company Ltd.

Mekorot Water Company Ltd. is the national water company of Israel, and has played a pivotal role in shaping the country’s water economy for nearly 90 years. Our journey stands as a testament to the unique Israeli spirit, characterized by sophistication, daring, pioneering, and innovation. These values have guided us in addressing the complex challenges of managing water resources in a desert-edge country.

Planning & Designing Israel’s Water Map from Pre-State Times

Mekorot’s journey began in the 1930s as a small water company with a grand vision: to establish a national water plant in the Land of Israel. We made our mark in the northern localities by setting up the first plant for drinking water and agriculture. In the 1960s Mekorot completed the National Water Project and established the National Water Carrier (“Hamovil Ha’artzi”), a colossal water plant that supplied water from the Sea of Galilee in the north to the desert settlements of the Negev, spanning approx. 130 km. In the face of numerous challenges, Mekorot continued to innovate, introducing smart solutions such as wastewater processing plants and pioneering desalination plants. This resilience and commitment to innovation is a testament to our determination and should inspire you.

Among the Best & Most Efficient Water Companies in the World

Mekorot is one of the world’s leading water companies. Over the years, foreign delegations from around the world have visited us to learn from and replicate our results, positioning Mekorot as a global leader while contributing to the establishment of Israel’s status as a waterpower among OECD countries. In May 2022, GWI, one of the leading organizations in the world in the water sector, announced that Mekorot would join the forum of the sixty leading water companies in the world. Two years earlier, the Israeli water sector was ranked fourth in the world in GWI’s global ranking, and it was determined that Mekorot is one of the best companies in terms of operating efficiency, thanks to its low annual water depreciation, which is about 4% (compared to an average of 15% in developed countries), in addition to its excellence regarding infrastructure, research, professional knowledge, and water resources management.

Water Supply & Services to About 13 Million Consumers

Mekorot supplies about 1.8 billion cubic meters of water to homes, agricultural fields, & industrial plants throughout Israel. Mekorot provides water and services to the private and public sectors in Israel, to the Palestinian Authority, and the Kingdom of Jordan through international agreements. Mekorot operates about 11,000 km of pipelines, 3,000 production & supply facilities, 1,000 drillings, 1,000 water reservoirs & pools, and 20 desalination facilities. The company has accumulated investments of about NIS 1.5 billion per year and a three-year development plan.

Financial Stability

Since 2003, Mekorot has consistently maintained the highest financial strength rating (ilAAA) set by the international rating company Maalot Standard & Poor’s. In 2019, Mekorot further solidified its financial stability by listing at the TASE after raising its first capital in the company’s history through the issuance of tradable bonds. To date, Mekorot has raised over NIS 6 billion while maintaining its high credit rating, a testament to our financial prudence and stability.

Integrated Water Solutions

Mekorot provides an integrated package of water solutions, thanks to its expertise in a wide range of areas, including advanced models for water management and operation, the optimal combination of different water types, seawater and water desalination, wastewater processing, and water recycling for agricultural uses, improving water resources to the proper quality, security of water sources, etc.

Innovation & Digitization

Mekorot uses advanced technologies such as IT & OT & through them, implements comprehensive digital transformation processes in favor of a fast, efficient, & secure flow of professional business information beyond paperless online work, & protection against cyber & other attacks on critical infrastructures like information infrastructure.

Mekorot for Future Generations

Mekorot pursues a sustainable development policy, one that preserves water resources & the environment for future generations. Since 2014, Mekorot takes part in the “Ma’ale Ranking,” which ranks companies in the Israeli economy according to socio-environmental performance based on criteria of sustainability & corporate responsibility. Betweeen 2021-2025, Mekorot was ranked in the highest-ranking “Platinum +”. Moreover, it independently reports greenhouse gas emissions to the Ministry of Environmental Protection, including its carbon footprint measurement, as part of the analysis regarding its overall environmental impact. During 2021, Mekorot published its ESG report, while maintaining strict compliance with UN Sustainable Development Goals (SDGs). Concurrently, Mekorot launched an ambitious project of covering its water reservoirs with floating photovoltaic systems.

Mekorot as International Ambassador

Mekorot is Israel’s main water supplier, conducting and supplying about 65% of the Israeli consumption, and is responsible for 78% of the households’ water consumption. In recent years, the company expanded its scope of activity & is a major water supplier to the Gaza Strip, Judea, & Samaria. The “Abraham Agreements” signing opened a new business horizon, & the company intends to exhaust its proven capabilities worldwide. In March 2021, Mekorot became the first government company in the infrastructure field operating in the Persian Gulf, signing a development contract with the Kingdom of Bahrain. In September 2021, the company completed the doubling of the water supply to the Kingdom of Jordan, & in April 2022 signed an agreement for the development of the water economy in Azerbaijan. Since then, Mekorot has signed many agreements, including Kazakhstan, Singapore, Morocco, Argentina, and Chile, India, and Cyprus.

Mekorot Management

Danny Sofer, Acting CEO - In previous positions he served as Deputy CEO, VP of Operations and Maintenance, Acting VP for Organization and Administration, Central Region Manager, Jordan Valley District Manager, Operations Engineer in the Southern Yarkon Unit, Manager of the Shafdan Unit. Danny holds a Master’s degree (M.B.A) in Business Administration in a track designed for engineers and in law for non-lawyers, College of Management, Rishon LeZion and a Bachelor’s degree (B.Sc.) in Mechanical Engineering and Water and Soil Engineering, Technion, Haifa.