Palestinians Seek to Cancel Half of Debt Owed to Israel Electric Corp. – Avi Bar-Eli (Ha’aretz)
In a letter to the Israeli government, PA Finance Minister Shukri Bishara requested that half of its $300 million debt to the Israel Electric Corporation be forgiven, with repayment of the remaining $150 million spread over a period of 20 years.
The Palestinians’ debt to the IEC has ballooned over the years because the PA fails to collect money from customers. In addition, many users steal electricity through illegal hookups.
As a result, according to Israeli sources, Palestinians have grown accustomed to not paying for electricity.