Lebanon's Government Approves Electricity Plan

  • Economics
Lebanon's Government Approves Electricity Plan

Lebanon's government on Monday approved the power plan proposed by the Energy Ministry to deal with the chronic electricity problem and ensure a 24-hour supply while reducing state subsidies that contributed to the country's heavy public debt.

Speaking following the session that was held at the Baabda Palace, Prime Minister Saad Hariri said that the plan was endorsed in a "positive" atmosphere, hailing it as an "achievement" for Lebanon and all political parties.

“We kept our differences outside the government and decided to work for the best interest of the Lebanese people,” Hariri said.

The bidding process will be supervised by the Tenders Department based on a build-operate-transfer (BOT) contracts, he stated.

The premier stressed the need to speed up the implementation of the plan through a public tender process, warning that the state's financial situation cannot bear any further delay.

Hariri assured that the approved plan will appease the Lebanese as well as the international donor countries because it will help lower the state's deficit, adding that it represents a “real” step towards reforming the power sector.

Source: Kataeb.org