VOL. XLII

No. 27

5-July-1999

PALESTINE

Enron Invests In Palestine Power Project

Enron International, a wholly-owned subsidiary of EnronCorp. of the US, announced on 18 June that in partnership with the PalestineElectric Company (PEC) it has signed a 20-year power purchase agreement withthe Palestine Energy Authority (PEA) to supply PEA with electricity from a136-megawatt combined-cycle power plant that the two firms are developing southof Gaza City in the Palestine National Authority (PNA)...