Israel to shift power supply to PA in $775M deal
Israel, Jerusalem: Israel’s public utility, the Israel Electric Corporation (IEC), is set to transfer much of the West Bank’s power supply to the Palestinian Authority (PA), in a deal worth $775 million.
The 15-year agreement that the IEC signed with the PA includes plans to construct four high-voltage substations in the Palestinian towns of Jalama, Nablus, Ramallah and Tarkumiya, reports The Jerusalem Post.
After the agreement’s terms are implemented, the IEC will sell power to the Palestinian Electricity Transmission Company through its four substations, which are to be built by both the IEC and the PA.
Source: The Jerusalem Post