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LBCI Lebanon
LBCI Lebanon
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Lebanese ministers announced, following the directives of the Cabinet, the necessity of settling all financial dues owed by ministries and agencies to the Lebanese Electricity Company. This step aims to address the rising costs of energy production caused by increased fuel prices and declining revenues. The Ministry of Energy emphasized that the solution lies in adjusting the price per kilowatt so that it fluctuates in line with global oil prices. Additionally, over $268 million will be provided monthly to cover the company's consumption before the fall season, ensuring the continuous supply of electricity.
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