TEL AVIV (Nov. 12)
The Mekorot Water Co. temporarily lost some of its pumping capacity Sunday because its electric bills were long overdue.
The company, which is in charge of the water supply in Israel and which provides water to domestic and industrial users, owes the Israel Electric Corp. about $20 million.
Mekorot says it cannot pays its bills because of delayed payments by consumers and even payments of government subsidies.
Both companies are government-owned.
The electric company cut off the current to several pumping stations that supply the northern and central regions of the country with water from Lake Tiberias.
But power was restored Monday after the Treasury came to Mekorot’s rescue. It transferred $5 million to the water company, which promptly deposited it to the account of the electric corporation.
Another $5 million was paid by the Treasury directly to the electric company.