Israel Electric Corporation Prepares To Cut Supply To Palestinian Authority

Israel Electric Corporation CEO warns security chiefs of possible disturbances as NIS 1.7 billion debt leads to decision to stop electricity to the Palestinian Authority.

Billie Frenkel
Published: 01.05.15, 23:47 / Israel News

The Israel Electric Corporation CEO Eli Glickman warned Israel's security chiefs in a letter sent Sunday that the company would have to limit electricity to territories controlled by the Palestinian Authority and the Jerusalem District Energy Company (JEDCO) – which buys electricity from Israel and sells it to various cities in the West Bank – because of a debt totalling NIS 1,700,843,315.

The letter was addressed to National Security Advisor Yossi Cohen, Shin Bet Chief Yoram Cohen, Coordinator of Government Activities in the Territories Maj.-Gen. Yoav Mordechai, Head of the Operations Directorate of the IDF Maj.-Gen. Yoav Har-Even, and Police Commissioner Maj.-Gen. Yohanan Danino.

Glickman requested that they raise alertness in the forces they led, on both an operational and intelligence level, out of concern that limiting the power supply could lead to various responses by the Palestinian population.

According to the letter, "the debt imposes a heavy burden on the company's cash flow. In light of the aforementioned facts, the Electric Corporation, with me as its chief, worked and will work as much as it can to collect the debt under discussion in order to preserve its financial stability.

http://www.ynetnews.com/articles/0,7340,L-4611713,00.html