Arab Today, arab today israel electric corp sues private palestinian firm
Last Updated : GMT 07:11:16
Arab Today, arab today
Arab Today, arab today

After negotiations to settle the debt collapsed

Israel electric corp sues private Palestinian firm

Arab Today, arab today

Arab Today, arab today Israel electric corp sues private Palestinian firm

Israel Electric creates interpretation of Menorah using cranes
Jerusalem - Arab Today

Israel Electric creates interpretation of Menorah using cranes Israel Electric Corp is suing a private Palestinian firm for $150 million in unpaid bills, after negotiations to settle the debt collapsed, officials said on Monday. The IEC filed suit at the Jerusalem District Court on Thursday against the Jerusalem District Electric Company for a total of 531 million shekels ($153 million/111 million euros), a company statement said.
JDECO is a private company which purchases electricity from Israel to supply to east Jerusalem and cities in the West Bank.
The IEC decided to sue after "intensive contact" with JDECO and Palestinian officials in Ramallah failed to reach a breakthrough.
As well as supplying electricity via JDECO, the Israeli firm also provides power to the Palestinian Authority, which caters to the rest of the West Bank and also supplies power to the Hamas-ruled Gaza Strip.
The Ramallah-based PA also owes money to the IEC. Both the PA and JDECO ran up debts after failing to collect the full amount they are owed by their own customers.
An energy market insider told AFP that the outstanding debt of the JDECO and PA to the IEC currently stood at 1.5 billion shekels ($434 million/315 million euros) of which around two-thirds was owed by JDECO.
The lawsuit only accounts for around half of that sum.
Israel's finance ministry is offsetting the PA's outstanding debt to the IEC by deducting funds from the monthly taxes it collects on behalf of the Palestinian government.
But in the case of JDECO, Israel has no mechanism for deducting monies, meaning the debt has ballooned, the source told AFP, saying that cutting off the power was not politically feasible.
Until recently, talks were under way to reach a solution, but the Palestinians abruptly halted the negotiations after the signing of a unity deal between the rival leaderships in the West Bank and Gaza, the source said.
Jerusalem District Court is to issue a directive on the case on Wednesday.
Contacted by AFP, Omar Kataneh, head of the Palestinian Power Authority, had no immediate comment on the matter.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today israel electric corp sues private palestinian firm Arab Today, arab today israel electric corp sues private palestinian firm

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday