05.07.2009
Defined by economists as the owner-manager of a firm. Usually supplies capital, organizes production, decides on strategic direction and bears risk
An area contiguous to a state and extending 200 nautical miles (320 km) from a country’s coastline. In this zone a nation controls the undersea resources, primarily fishing and seabed mining. Pursuant to the 1982 Maritime Convention, a coastal State exercises sovereign rights for the purpose of exploring and exploiting, conserving and managing the natural resources of the EEZ, whether living or non-living. The coastal State does not have sovereignty over the EEZ, and all States enjoy the high seas freedoms of navigation, overflight, laying and maintenance of submarine cables and pipelines, and related uses in the EEZ, compatible with other Convention provisions. However, all States have a duty, in the EEZ, to comply with the laws and regulations adopted by the coastal State in accordance with the Convention and other compatible rules of international law. Sovereign rights are declared in an EEZ to include a number of parameters. What happens when within the space of 200 nautical miles another country is located with conflicting rights? The matter is taken to a arbitration to the UN.
In order to cope with the existing lack of available surplus of electricity and that expected for the years 2009-2011, the government of Israel decided in 2007, within the framework of decision #2293, to do whatever was required to close the gap between the electricity consumption needs of the Israeli market and the available generation capacity. IEC took upon itself to implement the emergency program and to add an additional 1,700 MW at an initial cost of eight-nine billion shekels