Palestine Electric Company (PEC) was established in Gaza, Palestine in 1999 and is registered in accordance with the Companies’ Law as a Public Shareholding Company with a paid-in capital of US$ 60 million. PEC shares were listed in the Palestine Exchange (PEX) in 2004.

The Company established “Gaza Power Generating Company (GPGC)” as its subsidiary in Gaza as the operating arm of PEC, which has the exclusive right from PNA to generate electricity in the Gaza Strip.

PEC’s Main Objectives:

• Develop electricity generating plants in the territories of the Palestinian National Authority.
• Carry out all operations necessary for the generation of electricity.
• Procure all the equipment and machinery needed to develop power plants and generate electrical power.
• Develop, own, manage, operate and maintain power generating plant(s).
• Carry out maintenance activities of power plants and electrical networks.