Palestinian Electric Company

PEC was established in Gaza in 1999 as a public shareholding company, with a paid-in capital of USD 60 million. PEC’s scope includes establishing electricity generating plants in the territories of the Palestinian National Authority and to carry out all operations necessary for the production and generation of electricity. In 2004, the company began its commercial operation of the power plant at 140 megawatts, and its shares were listed for trading in the Palestine Exchange in the same year.

Gaza Power Generating Company (GPGC) is PEC’s  first project and as its owned and affiliated company that works as its investment arm in the sector of operating power generating plants. The company possesses exclusive rights to generate electricity in the Gaza Strip according to the signed agreements with the Palestinian Authority.