Effort to Erase 15 Years of Energy Failures

The article discusses the failure of Lebanon's electricity sector management over the past fifteen years, since the launch of the electricity plan in 2010. During this period, numerous promises were made to improve power supply and upgrade infrastructure, but tangible results have remained elusive. Meanwhile, the costs of interim solutions like electricity ships and increased financial deficits have risen. In contrast, the article notes that what has been achieved by Minister of Energy and Water Joe Osed reflects an improvement in sector management, demonstrated by putting the sector on a new regulatory and investment track. This includes establishing the regulatory authority and opening the door for private investments, both of which have helped halt the drain on the public treasury and reduce sector-related costs. However, reform continues to face financial and administrative challenges, most notably the accumulated debts of Electricité du Liban. The article affirms that rebuilding the sector requires significant investments and years of effort, with a focus on improving management and attracting investments to develop Lebanon’s electricity sector in the long term.

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