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  Israeli strike on Gaza power plant will cost US
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ContributorPenguin 
Last EditedPenguin  Jul 01, 2006 04:27pm
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CategoryNews
MediaWebsite - Yahoo News
News DateSaturday, July 1, 2006 10:00:00 PM UTC0:0
DescriptionJERUSALEM (Reuters) - Israel's bombing of Gaza's main power plant could end up costing its closest ally, the U.S. government, because it partially insured the project for up to $48 million, officials involved in the project said on Saturday.

U.S. officials would not say whether Washington would ask Israel for reimbursement.

Israel bombed the power plant on Wednesday at the start of an offensive to try to get Palestinian militants to free a captured soldier, Corporal Gilad Shalit.

A Western aid official involved in the matter said Israel's decision to hit the power plant was a surprise in large part "because it was American-owned."
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