The capital of the Palestine Electric Corporation—the Rutenberg concession—will be increased from $5,000,000 to $10,000,000, it was reported here today.
Approximately $2,500,000 will be used to discharge obligations of the concern, while the rest will be utilized to erect two new power stations, one at Lake Kinereth and the other at Lake Huleh.
Keep Jewish Stories in Focus.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
