VOL. XLV

No 47

25-November-2002

ISRAEL

IEC To Rely On Domestic Finance For Gas Grid As Engineering Tender Launched

The Israel Electric Corporation (IEC), the state-owned company charged with construction of the national gas transmission system, will have to raise finance for the project from domestic institutional investors, since there is no interest from international institutions, according to a senior project official cited by Globes newspaper on 11 November. According to Ishayahu Stern, the...