A worker walks at the site where a new electricity plant will be built in Jalamah, near the West Bank town of Jenin, following the signing of a new contract on July 10, 2017
The Palestinian Authority (PA) has paid Israeli Electric Corporation 700 million shekels ($202 million) in part payment for debts it has accrued, Israel’s Reshet Bet radio station reported yesterday.
Quoting a PA source, the channel said that the money was borrowed from Palestinian banks and makes up part payment of the 1.8 billion shekel ($512 million) debt.
According to the Israeli radio, the PA has already transferred ten per cent of the payment and is to pay the remaining funds this week.
(Source / 14.01.2020)