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 »
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.
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 »
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).
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“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.