IEC provides power to the Palestinian territories. It is one of three sources of power for the Gaza Strip, and the West Bank. Palestine Electric Company, founded in 1999 as a subsidiary of Palestine Power Company LLC, operates in the Gaza Strip power generating plants with a generation capacity of approximately 140 MW. It has been granted by the Palestinian Authority an exclusive right to generate electricity in the Gaza Strip and sell it to Palestinian Authority owned or managed institutions for 20 years, which may be extended for a maximum of two consecutive five-year terms. The company currently does not have any fuel for its generator. Gaza also receives some power from Egypt, though supply is unreliable. Palestine Power Generation Company Plc, founded in 2010, operates a natural gas power generating plant in the West Bank.