Pulsed mode makes COIL possible to produce pulses which power can significantly exceed that of CW COIL mode at the same flowrate of chemicals. Such a mode can find application in material treatment, in drilling for oil wells, as an optical locator, in laser frequency conversion via non-linear processes, in laser propulsion, etc. The method of volume generation of iodine atoms was shown to be the most effective one in generation of high power pulses. The base of method is substitution of molecular iodine in operation mixture for iodide which is stable in the mixture with singlet oxygen, and subsequent forced dissociation of iodide. In this approach the advantage of direct I-atom injection in laser active medium is demonstrated. The comparison of experimental results obtained with different sources used for iodide dissociation shows the electric discharge provides significantly higher electrical laser efficiency in comparison with photolysis initiation. At the same time, the specific energy of the electric discharge initiated COIL is at disadvantage in relation with that obtained with photolysis initiation. This fact is a result of active medium temperature increase due to insufficient initiation selectivity of electric discharge. Both longitudinal and transverse electric discharges were investigated as possible sources for laser initiation. The transverse discharge is more promising for increased operation pressure of active medium. The operation pressure is limited by dark reaction of iodide with singlet delta oxygen. The repetitively pulsed operation with repetition rate of up to 75 Hz of pulsed COIL is demonstrated.