| Submit your comments on this article | |
| Israel-Palestine-Jordan | |
| Israel Electric Corporation ends West Bank power cuts after Palestinian payment | |
| 2020-01-24 | |
[IsraelTimes] Firm says it imposed power cuts of several hours a day in parts of Ramallah and other cities in bid to recover $500 million owed.
In September, the Israel Electric Corporation began cutting power in parts of the West Bank over the NIS 1.7 billion ($500 million) debt owed by the main Paleostinian power distributor for the West Bank. On Wednesday, the IEC said it had received NIS 920 million ($267 million) from the Paleostinians. "The electric company will cease the power cuts over the debts," a statement from the IEC said, adding it would hold further negotiations with the power distributor and the Paleostinian Authority on the repayment of the remainder of the outstanding funds. The IEC called the payment a "breakthrough" and "the basis to a comprehensive solution the sides strive to reach." There was no immediate confirmation from the Paleostinian side. IEC chairman Yiftah Ron-Tal called the payment "a significant step in reducing the debts," adding his company was working to "upgrade the quality of supply." The company had imposed power cuts of several hours a day in parts of Ramallah and other West Bank cities in a bid to recover the money owed. | |
| Posted by:trailing wife |
| #1 Wait for the check to clear, guys. |
| Posted by: Mullah Richard 2020-01-24 09:17 |