Article

2016-10-03 Israel-Palestine-Jordan

Palestinian Authority makes first payment of NIS 590 million in electricity debt settlement

[Ynet] The Paleostinian Authority paid the Israel Electric Corporation (IEC) NIS 590 million

1 New Israeli Shekel = US$ 0.27, so 590,000,000 x 0.27 = $159.3 million. That more than covers the measly $20 mil. Israel just sent to Turkey so they'd shut up about getting their precious Mavi Mara terrorists killed.

on Sunday, the first payment in the debt settlement agreement signed two weeks ago.

As part of the agreement, the electrical grid in the Paleostinian Authority will be under Paleostinian responsibility. This will be done as part of a new body that will buy electricity from the IEC exclusively and ensure payment for the Paleostinian residents' electricity consumption.

Also as part of the agreement, a debt of some NIS 500 million was forgiven, out of the total of NIS 2 billion the Paleostinians owe.

Posted by trailing wife 2016-10-03 00:00|| || Front Page|| [11132 views ] Top
File under: Palestinian Authority

#1 Obama, finally, wrote a check?

Posted by g(r)omgoru 2016-10-03 06:20|| 2016-10-03 06:20|| Front Page Top

#2 More likely it was Jawn F'n Kerry.

Posted by Pappy 2016-10-03 08:22|| 2016-10-03 08:22|| Front Page Top

#3 the electrical grid in the Paleostinian Authority will be under Paleostinian responsibility

Lights out.

Posted by Skidmark 2016-10-03 10:03|| 2016-10-03 10:03|| Front Page Top

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