13 Hrs
Source:
MTV Lebanon
Al-Saddi stresses high costs for the state
The article discusses statements made by Lebanese Minister of Energy and Water, Joe Saadé, regarding Lebanon's electricity crisis and the potential solutions to address it. He explained that Lebanon faces a shortage of electrical supply, with an average of between seven and nine hours of power per day, and that the costs of fuel oil used for electricity generation have doubled due to rising global oil prices resulting from the war. During a Cabinet session, Saadé proposed that the government allocate $50 million monthly to the Lebanese Electric Corporation (EDL) from its owed payments, in order to overcome the financial crisis facing the institution, which has increased to approximately $330-340 million by the end of December 2025. He emphasized that this measure aims to ensure continued electricity supply for about four to five months, with implementation set to begin next week. He also stated that if this is not carried out, he will reconsider the approaches to managing the crisis. Additionally, he pointed out that part of the costs had previously been waived for the south, and that the government is expected to bear the costs of these exemptions. Failure to compensate for them would deepen the financial crisis.
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