Tuesday, August 4th | 22 Av 5786

Subscribe
February 26, 2014 1:25 pm

Palestinian Authority Owes Israel Electric Company $389 Million

×

Error: Contact form not found.

avatar by JNS.org

An Israel Electric Corporation building. Photo: Yehoshua Yosef.

JNS.orgIf the Israel Electric Company (IEC) were a private entity, it would shut off electricity to the Palestinian Authority because of the PA’s outstanding bill of 1.37 billion shekels ($389 million), IEC Chairman Yiftah Ron-Tal told the Knesset Finance Committee on Tuesday.

“People complain about the perk of free electricity that company employees receive. But the users that get the most free electricity are the Palestinians,” Ron-Tal said, Israel Hayom reported.

“Their outstanding bill increases by 70 million to 80 million shekels ($20 million to $22 million) a month,” Ron-Tal continued. “If a regular citizen didn’t pay his electric bill, we’d cut him off within a week. But here—despite the company’s enormous debt—we are forced to keep supplying the Palestinian electricity grid. Our hands are tied.”

Ron-Tal warned that a failure to collect payment from the PA would require the IEC to raise tariffs for Israelis.

Finance Committee Chairman MK Nissan Slomiansky (Habayit Hayehudi) said, “It’s possible that we might have to urge a consumer revolt. If there are some people don’t pay the IEC and that’s OK, then we can’t pay, either.”

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.