Qatar signs deal to ensure gas supply to Gaza power plant – The Peninsula Qatar

Qatar signs deal to ensure gas supply to Gaza power plant – The Peninsula Qatar

Gaza: Chairman of Qatar Committee for Reconstruction of Gaza H E Ambassador Mohammed Al Emadi signed an agreement with the Gaza Electricity Generation Company and the Gaza Electricity Distribution Company, that included the establishment of an escrow account to cover the costs of supplying gas and generating electricity through the only power plant in Gaza.

Under the agreement, the Qatari committee will be the main owner of this account and will organise and manage the payments through it, and the Gaza Electricity Distribution Company will deposit $5m per month into this account when the gas power plant starts operating.