Tag Archive for Israel Electric Corporation

Deal: Israel gives Palestinian Authority control of West Bank power grid

 

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 »

Palestinians to build power plant in Jenin

 

Israel supports request by Palestine Investment Fund to construct a power plant in the Jenin Industrial Zone, that should create 1,000 jobs for Palestinians as well as reduce cost of electricity in the Palestinian Authority.

By Elior Levy

 

Israel has approved in principle the construction of the first Palestinian power station in the West Bank, expected to be built in the Jenin Industrial Zone, near the Gilboa-Jalame checkpoint.

Palestinian power plant

The Prime Minister’s Office issued the approval after the Palestine Investment Fund (PIF), led by a confidante of President Mahmoud Abbas and former deputy prime minister Mohammed Mustafa, submitted a request through the Coordinator for Government Activities in the Territories (COGAT). Continue Reading »

First Jericho, now Bethlehem suffers electric shortages over massive debt 

 

Israel Electrical Corporation reduced power flow to the large West Bank city because the Palestinian Authority refuses to pay its electrical bills, amounting to the serious sum of $460 million.
• Meanwhile, Israel expands Gaza’s fishing zone.

By The Associated Press

 

Israel’s state electric company on Monday reduced power to a major West Bank city, saying it would take similar steps in other Palestinian areas over the next two weeks because of unpaid debt.

The Israel Electric Corporation said it had reduced its supply to Bethlehem by 50 percent, days after doing so in the city of Jericho. The company said the internationally-backed Palestinian Authority owes it nearly $460 million. Continue Reading »

Israel’s Energy Minister Says Use Frozen PA Account to Pay Off Enormous Electric Debt

Israeli Energy & Water Minister Shalom said Israel should use the frozen PA tax money to pay off the Palestinian’s intentionally unpaid electric bill.

By Elad Benari

 

Energy and Water Minister Silvan Shalom on Saturday called on Israel to use the Palestinian Authority’s (PA) tax money it froze to pay off the PA’s enormous debt to the Israel Electric Corporation (IEC).

“Following the decision to freeze half a billion shekels in Palestinian tax money, I have asked that the funds will be transferred to cover the Palestinian debt to the IEC, which continues to rise every month,” Shalom wrote on Facebook.
Continue Reading »