Egypt to Supply Gaza with Power.
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WAFA Washington Area Finance Association ) -- Egypt agreed Monday to supply the Gaza Strip Gaza Strip (gäz`ə), (2003 est. pop. 1,330,000) rectangular coastal area, c.140 sq mi (370 sq km), SW Asia, on the Mediterranean Sea adjoining Egypt and Israel, in what was formerly SW Palestine. with 5 megawatt of power starting next week in the first stage of providing power to the coastal enclave to solve its electricity crisis, according to an official.
Chairman of the Palestinian Energy Authority Omar Kittaneh told WAFA that Egyptian Minister of Electricity and Energy Hassan Younis informed him in a telephone call that Egypt has agreed to immediately supply Gaza with 5 megawatt of power.
He said the Egyptian and Palestinian sides "have reached a solution to the power problem in Gaza through three stages -- short-term, mid-term and long-term."
He said the Egyptian initiative is based on increasing power supply to Gaza by 40 megawatt through increasing the operational capacity of Sinai's power station.
Kittaneh said running the second stage will cost around $1 million, funded by the Islamic Development Bank Islamic Development Bank (also known as IDB), is a multilateral development financing institution. located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organization of the Islamic Conference (OIC), convened 18 December 1973. .
He said the reason behind the severe power crisis in Gaza is due to the lack of fuel needed to operate Gaza's power station.
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