Electricity ship costs exclude fuel oil

The article discusses Lebanon's experience with using Turkish power generation ships as a temporary energy source. These ships were introduced in 2013 as a quick solution to address the electricity production shortfall. Investigations revealed that the cost of these ships, especially after including the fuel costs provided by the government, exceeded $1.5 billion since the beginning of the decade. The ships stopped operating before their contracts expired due to a lack of funding for fuel. The investigation also confirmed that the electricity produced from these ships was more expensive than publicly stated, and that the temporary solution persisted for eight years, despite the possibility of building permanent power plants that would be more cost-effective in the long run. The ongoing forensic audit underscores the need to assess the true costs, including fuel expenses, and raises questions about the viability of continuing to rely on this temporary fix instead of investing in permanent production capacity—particularly as discussions continue about Lebanon's future electricity options.

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