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US-based Morganti Group is drawing up plans for the repair of the 140-MW Gaza power plant which it will present as part of its insurance claim with the US’ Overseas Private Investment Corporation (OPIC). Israeli air strikes on 28 June targeted transformers at Gaza’s only power plant. It supplies two-thirds of the territory’s 1.3 million residents with electricity. The material losses from the strike amount to $10 million, while the costs resulting from a loss of production are estimated at a further $5 million.