Israel, PA said to sign deal on Palestinian electricity debt

Representatives from Israel’s Finance Ministry and the Palestinian Authority sign a deal to resolve the Palestinians’ outstanding NIS 2 billion ($528 million) debt with the Israel Electric Corporation, the Walla news website reports.

Under the agreement, the Palestinians will pay off NIS 500 million ($132 million) of the debt and control over West Bank power lines will be handed over to the PA.

Palestinian electricity company workers drag a power line, many of which were destroyed following an Israeli airstrike in Rafah in the southern Gaza Strip, on August 6, 2014. (photo credit: AFP/SAID KHATIB)
Palestinian electricity company workers drag a power line, many of which were destroyed following an Israeli airstrike in Rafah in the southern Gaza Strip, on August 6, 2014. (photo credit: AFP/SAID KHATIB)

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