The nucleus of the first company began on January 7, 1914, when the Ottoman Empire gave its Greek citizen, Eurpez Mervomatis, a privilege to generate and distribute electricity in the Jerusalem area. The agreement was signed by the mayor of Jerusalem, “the governor of Sanjak” on the one hand, and the concessionaire on the other hand following the defeat of Turkey in World War I, and the British government to mandate the Palestine.

The Palestinian Government, represented by the High Representative at the time, refused to recognize the rights of the aforementioned Prime Minister. In 1924, the Jewish engineer Pinhas Rottenberg attempted to extract the concession from the Frumatis. In 1924, the Greek government resorted to the International Court of Justice to oblige the British government to recognize the privilege or to pay appropriate compensation and the outcome of the proceedings and the negotiations that accompanied it after the International Court of Justice The Greek Government (as a national of its nationals) is entitled to apply to the International Court of Justice to consider the case for the protection of its rights of such privilege. The British High Commissioner approved the reintroduction of the concession to his owners and issued the law known as the law of rationing the concession of generation and distribution of electricity in the city of Jerusalem and its environs published in Drayton Group 53.