In a plan to get the Palestinians to pay their $500.8 million electric bill, US taxpayer will pay $25.4 million of their bill, and the Israel Electric Corporation will transfer control of the West Bank electric grid to the Palestinian Authority.
By Itamar Eichner
A deal was signed whereby the Palestinian electrical grid will now be the responsibility of the Palestinian Authority on Tuesday, ensuring that the Palestinians pay their NIS2 billion debt to the Israeli Electric Corporation. The agreement will see a half billion shekels of the debt forgiven.The agreement was signed by the Head of the Coordination of Government Activities in the Territories (COGAT) General Yoav “Poli” Mordechai in the presence of Minister of Finance Moshe Kahlon, Finance Ministry Director General Shai Babed, and the PA Minister of Civil Affairs Hussain al-Sheikh. Continue Reading »









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