The Qatari Committee for the Reconstruction of Gaza announced, on Monday, that it had signed a memorandum of understanding under which it will finance the construction of the first gas line to operate the only power plant in the Strip, at a cost of approximately $60 million.

The committee said in a statement that it had signed on Sunday a memorandum of understanding with the Energy and Natural Resources Authority (affiliated with the Palestinian Authority) and the Gaza Electricity Generation Company in the Gaza Strip, with the aim of establishing a gas pipeline from the supplying company to the borders of the Gaza Strip.

The Chairman of the Qatari Committee, Mohammed Al-Emadi, explained that the agreement stipulates an increase in the plant’s production capacity to reach a minimum of 500 megawatts, noting that the memorandum includes “agreeing on the mechanisms for supplying and purchasing the necessIG gas.”

According to Al-Emadi, the Gaza Electricity Company and the Energy Authority will be entrusted with the work of converting the plant to operate on gas as an alternative to liquid fuel.

The Electricity Company considered that the construction of the station, which will start work in 2023, represents a “partial” solution to the worsening electricity crisis in the poor and besieged sector.

Source: National News Agency