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2019-05-23
Palestine Investment Fund PIF announced establishing solar panel plant in Jericho that is able to produce 7.5-megawatt MW. This project is part of Massader for Natural Resources & Infrastructure Development Company, a fully owned subsidiary of the PIF which was established in 2018, which is called “Noor Palestine Solar Program” which include establishing three solar panel plants that produce 35 MW through the installation of rooftop photovoltaic (PV) systems on 500 public schools in the West Bank. Whereby, the Jericho solar panel plant is the first of this size in the Palestinian Territories, where 20 thousand solar panels spread over 100 dunams in Jericho that is sunny most time of the year. It is good to note that the West Bank consume 1000 MW annually, almost entirely imported from Israel, and small amount from Jordan worth $700 million a year. The PIF noted that it seeks to change the inappropriate image of us and reduce the reliance of the Occupation energy sources through developing in progress projects such as: power plant in Jenin and another project to produce 200 MW solar energy by the end of the year 2026. By this, Palestine will be able to diversify its energy sources, by generating part and importing other part. This is important in terms of energy security and creating competitive energy prices.
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