No 7



Dispute Over IEC Investment In Gas Grid Delays Project

A serious dispute between the government and Israel Electric Corporation (IEC) is delaying the implementation of the natural gas grid and threatens its future, according to a report in Israeli financial newspaper Globes on 4 February. The dispute centers on how IEC will exit its $400mn investment in the grid, given that under amended plans for the grid, it is due to be transferred to a private franchisee...