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RAMALLAH, Feb. 16 (Xinhua) -- Palestine said on Sunday that the Israeli plan to build a new electricity grid in the West Bank aims at "consolidation of illegal occupation."

"The plan will consolidate Israeli sovereignty over the West Bank and support illegal settlements on our lands," said the Palestinian Energy Authority in a press statement.

"We will do everything possible to foil this plan and establish an independent electricity system for Palestinians," it added.

Israeli media reported that Israeli Energy Minister Yuval Steinitz had approved a plan to boost the electricity network in the occupied West Bank to reach settlements and Palestinian towns.

Palestinians pay about 72 million U.S. dollars monthly to the Israeli electricity company for approximately 1,100 megawatts of electricity provided for the West Bank and some 250 megawatts for the Gaza Strip.