Ramallah (Ina) - signed by the Palestine Investment Fund, represented by its Board of DirectorsPresident Dr. Mohammad Mustafa, Inc. Jerusalem District Electricity, represented by its Chairman Yousef Dajani, on Tuesday (May 24, 2016), a cooperation agreement and a strategic partnership whereby investment of 10 are in cent of the company 's shares by the investment fund.
the signing at a special ceremony at the company 's headquarters in Ramallah ceremony, attended byHisham Omari , Director General of the company, and Fadi Dweik , general manager of the investment fund, in addition to members of the administrations of the fund and the company, and a number of managers and officials from both sides .
this agreement is aimed at framing the ways of strategic cooperation and partnership between the two parties in a number of areas, in addition to the Fund 's investment in the capital of the electricity company by 10 per cent. ,
and include the terms of the agreement the exchange of expertise and technical and professional support in the field of energy, including solar energy, power stations areas electricity from solar cells, as well as cooperation in the fields of communications technology, including the development of a project of fiber optic networks as well as electricity networks, and joint cooperation in the development ofinfrastructure and real estate sectors.
the agreement provides linking and power plants of solar cell systems, which are implemented by theinvestment fund Palestinian within the Fund 's strategic direction in the field of alternative energy, with asubsidiary of Jerusalem electricity network, which will enhance the integration of the energy industry in Palestine between production, distribution and exchange of vast experience of the parties in this area, as well as reducing the Israeli invoice value.
He Mustafa expressed his pride in this partnership, considering it a milestone, because the Jerusalem District Electricity company is the largest company operating in the occupied city of Jerusalem, and has a long history, and has a high capacity for resilience and the capacity of future potential.
" the form of this agreement as well as a qualitative leap in the implementation of the investment fund 'sstrategy aimed at providing energy security to Palestine, where the fund is currently leading a major investment program in partnership with the Palestinian private sector, in order to implement a range of vital projects in the energy field, including the development and improvement of traditional energy resources, coupled with the implementation of a program for the development of renewable energy sources in Palestine, led by solar energy . "
Mustafa pointed out that the investment fund for the three - year strategy for the next five, based on investment in the energy sector, and in the productive sectors, ranging from construction, agricultural and agro - industrial sector, and contribute to the rebuilding of the city of Jerusalem , the economy, focus on the youth sector and job creation .
for his part, Dajani pointed out that the Convention bold step from the Palestinian investment Fund, by entering into a partnership with the Jerusalem Electricity Company, reviewing the historical stages through which the company since it was founded a century ago, starting from the Ottoman period and through the British rule and the Jordanian government and the Israeli occupation , and then the stage ofestablishment of the Palestinian national Authority.
He stressed that such an agreement contribute to energy security in Palestine, because it will double the chances to take advantage of the capabilities and resources available in the company, especially since the company is one of the first companies that took the initiative to diversify energy sources and adopted power generation systems through solar power, by employing the latest technological methods in smart systems , smart networks used in all concession areas of the company, which has contributed to enhance our services in terms of quality, speed and energy saving.
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