Buisness

 Buisness

 Buisness

APIC is a founder and shareholder in the Palestine Electricity Company, Millennium, and Ultimit.

APIC is one of the founders and major shareholders of the Palestine Electric Company.

The Palestine Electric Company was established in November 1999, PEC operates under the mandate of being the sole provider of electricity to the Gaza Strip through an implementation agreement with the Palestinian National Authority and a purchase agreement with the Palestinian Energy Authority. 

The 140-megawatt combined cycle power plant is based on four gas turbine generators with two steam turbine generators.

PEC, which was formed in Gaza, was built on a build-operate-own basis and is the first independent power plant in the Palestinian Territories. PEC, which first began trading on the Palestinian Stock Exchange in May 2004, provides electricity to the Gaza Strip and sells electricity to the Palestinian National Authority.  

www.pec-gpgc.com