Palestinian power company signs natural gas deal
Published Sunday 05/01/2014 (updated) 17/02/2014 10:16
BETHLEHEM (Ma'an) -- Palestine Power Generation Company has signed a 20-year-deal with Israeli and American natural gas companies, the Palestinian Authority's minister of energy said.
Omar Kittaneh said that a power plant would be built in the West Bank on land designated by the Palestinian cabinet, and that bids for the project are now open.
Partners in Israel's Leviathan natural gas field signed a $1.2 billion deal with PPGC, Reuters reported.
According to the Reuters report, PPGC plans to build a $300 million power plant in Jenin that will be operated by the gas from the deal.
The Leviathan natural gas field is located in the Mediterranean Sea west of Haifa.