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RAMALLAH, West Bank — Israel and the Palestinian Authority (PA) have reached a deal worth $775 million in which the PA will control delivery of electricity to the West Bank.
Under the 15-year agreement reached May 1, state-owned Israel Electric Corp. (IEC) will sell electricity wholesale to Palestinian Electricity Transmission Co. Ltd. (PETL) through four high-voltage power plants that will be built by the PA and IEC. PETL will own the plants and distribute electricity to the West Bank.
