Under the Electricity Law of 1996, the Minister of National Infrastructures can require that the granting of a licence to provide essential services (electricity transmission, distribution and system operation) be subject to the condition that control of the licensee remains in the hands of resident Israeli nationals. The Minister is also charged with determining the maximum participation that may be held, directly or indirectly, by non-Israeli nationals or residents.
"Definitions
2. In this law -
"Israeli citizen" - as defined in the Citizenship Law, 1951; [...]
"Company" - a company registered in Israel according to the Companies Ordinance [new version], 1983; [...]
"Essential service provider license" - a license for the management of the system, for the transmission or distribution of electricity;
[...]
Restrictions and qualifications for licensing
6. (a) A license under this Act, except for essential service provider license will be given to an individual who is an Israeli citizen, company or partnership; An essential service provider license will be granted to the company only.
[...]
Restrictions on an essential service provider
14. (a) The Minister, in consultation with the Minister of Finance and with the approval of the Government, may at any time stipulate in an order that the holder of a particular essential service provider license or in general, the following provisions shall apply, in whole or in part:
(1) a determination according to which control of it will be guaranteed by an Israeli citizen and a resident of Israel, including the determination of a maximum percentage of means of control that will be held, directly or indirectly, by a person who is not such a citizen or resident;
(2) A requirement for reasons of national security that all officials and officials in it as determined, in whole or in part, shall be citizens of Israel and its residents, and that all or some of them shall have a security classification as determined.
(B) The Minister shall not give an order as stated in subsection (a), except after giving the person to whom the order applies an opportunity to make his arguments.[...]" (Electricity Law (21.3.1996), last amended 26.7.2018, Sections 2, 6 and 14 [google translation])
Electricity Law (21.3.1996), last amended 26.7.2018, Sections 2, 6 and 14
[<a href="https://www.nevo.co.il/law_html/law01/159_003.htm">Law</a>],[<a href="https://www.oecd.org/israel/49864025.pdf">Other</a>]