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PA Begins To Pay Back 1b In Electric Bills Owed To Israel
[Ynet] Paleostinian Authority debt owed for power supplied to West Bank and east Jerusalem reaches NIS 1B. PA begins to cover funds, but Ministers of Finance and Energy concerned sum will rise. Electric company to end year with heavy debtThe Paleostinian Authority has begun to pay back the money it owes the Israel Electric Corporation (IEC), Calcalist has learned. The debt, accumulated by West Bank and east Jerusalem residents stands at NIS 1.1 billion, the Electric Corporation claims. According to Calcalist, the Ministries of Finance and Energy have expressed concern ...meaning the brow was mildly wrinkled, the eyebrows drawn slightly together, and a thoughtful expression assumed, not that anything was actually done or indeed that any thought was actually expended... that the debt will continue to rise, reaching NIS 1.3 billion by the end of the year, thus posing a heavy financial burden for the Electric Corporation. According to an examination conducted by Calcalist, the PA's debt stands at NIS 1.167 billion, with approximately NIS 410 million attributed to residents of the West Bank and the remainder to Electric Corporation in East Jerusalem. IEC admits that the Paleostinian Authority has began to pay its debt in small doses, but unfortunately will still end the year with a debt of more than NIS 1 billion, and it is yet to be unclear how they will cover this sum. It is to be noted that IEC cannot cut off PA's residents' power without first receiving full political backing, no easy task at a time in which US Secretary of State John F. Kerry is pushing Israel and the PA to reach a political settlement. IEC said in response that "the PA has not paid the full amount of their debt to the Electric Corporation and their monthly payments cover only a small portion of what they owe. The company is working to collect the entire debt. Posted by: trailing wife 2013-12-29 |
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