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News Brief

  2/25/2014, Adar 25, 5774

As Private Co. IEC Would Stop Supplying the PA Long Ago


Chairman Yiftah Ron-Tal of the Israel Electric Company told the Knesset Finance Committee, Tuesday, "If we were a private company, we would have stopped the supply of electricity to the Palestinian Authority and the Gaza Strip." Addressing a hearing on the utility's financial situation, he said, "The Palestinians have accrued a debt of close to 1.4 billion shekels [$399 million -ed.], despite our warnings to them over the years."

Ron-Tal continued, "If an ordinary citizen would not pay the electric bill, we would disconnect him in a week and here, despite the huge financial debt of the company, we are forced to continue to supply electricity to the authority. Our owners are the state and it must make a decision on the matter. This debt must be collected."