Gaza Electricity Loses Billion Dollars, 85% of Networks Destroyed

The Gaza Strip Electricity Distribution Company reported that over 85% of distribution networks and 90% of warehouses and storage facilities have been destroyed, in addition to more than 70% of its buildings and facilities. These damages have resulted in estimated losses of approximately $977 million, along with depriving the sector of about 2.3 billion kilowatt-hours of electrical energy. The official explained that the continued operation of the electricity system is linked to a political solution, noting that less than 5% of the population can afford to buy electricity, which costs around $8 per kilowatt. He also highlighted Israeli restrictions on the import of fuel and spare parts, with generator oil now reaching a price of nearly $1,000.

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