The launching ceremony of the Palestinian Electricity Transmission Company (PETL) was held on Monday, in Ramallah, and was attended by high-ranking Palestinian officials and an EU representative.PETL is the first national governmental company established in Palestine to build, own and operate the Palestinian electricity transmission system, according to a report by Palestine News & Info Agency WAFA. It will be the sole designated buyer of electricity for transmission to Palestinian market.
The PETL mission is to secure a continuous and reliable electricity supply to the Palestinian people, in line with international standards and at economic prices, while achieving optimal investment in the transmission infrastructure.
The ceremony was attended by Palestinian Prime Minister, Rami Hamadallah, and Deputy Prime Minister for Economic Affairs, Mohammad Mustafa, EU Representative, John Gatt-Rutter, CEO of PETL Fuad Al Amleh, and Minister of Energy and Natural Resources Energy Omar Kittaneh, in addition to other dignitaries.
Hamadallah stated that Palestine has achieved remarkable progress in developing the energy sector, ensuring that it meets the accelerating demand on energy.
He added that centralizing the energy sector is a preliminary step toward reducing energy dependence on Israel.
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