The Palestinian Authority has not paid for the electricity it has received from the Israel Electric Corporation for the past two years, resulting in an accumulated debt of around NIS 500 million ($156.8 million).
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Some two weeks ago, the IEC issued the first of two notices about the outstanding debt. This week, the second notice was issued and said that if the debt was not paid within one week, power will cut to various PA-controlled areas of the West Bank.
Meanwhile, Israel Hayom has learned that due to the PA's severe shortage of funds and amassing debt, a delegation of senior Palestinian officials left Ramallah several days ago on a fundraising mission to Gulf and Arab states.
A senior PA official told Israel Hayom that the IEC debt issue would be resolved in the coming days.
"Among other things, there's the deal that was signed between Minister Hussein al-Sheikh and [former] Finance Minister Moshe Kahlon. The debt should be offset from the taxes Israel collects [for the PA] and is supposed to be transferred to the PA," the official said.
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