Cairo – Mubasher: Israel's state-owned electric utility said Sunday Egyptian natural gas company EGAS and Egyptian General Petroleum Corporation (EGPC) will pay it compensation of $1.76 billion for halting gas supplies.
The Israeli company said it suffered heavy damages after gas supplies were halted and that it was forced to buy more expensive fuel to generate electricity, raising its costs
An international arbitrator awarded it $1.76 billion plus interest. The company said it will act in coordination with the Egyptian companies to implement the arbitrator's ruling.
