(Worthy News) - Israel’s national electric company said Sunday it has begun reducing power supplies to Palestinian areas of the West Bank due to a financial dispute.
The Israel Electric Corporation said that it took the step because the Jerusalem District Electricity Co., the Palestinians’ main power distributor, has debts of roughly $485 million.
According to Al-Monitor, the Palestinian distributor received its first warning in August, prompting it to take out a NIS 100 million loan ($28.3 million) to repay a portion of its debt to the Israel Electric Corporation. This was deemed insufficient, however, and the IEC issued two additional warnings before taking action on Sunday to reduce power to Palestinian areas. [ Source: Times of Israel (Read More...) ]
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