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Lebanon's Electricity Establishment is facing a severe financial crisis that threatens the continuation of electricity supplies due to an unprecedented rise in global fuel prices resulting from the regional war. The cost of gas oil has reached approximately $1,500 per ton, compared to the $680 used in the 2026 budget, making expenses exceed the institution's capacity to bear. As part of extraordinary measures, the Board of Directors issued a statement warning of cutting power supplies to government agencies and public institutions that fail to pay their overdue bills within a five-day period starting from August 17, 2026. The measure emphasizes the need to enhance bill collection and reduce illegal connections to the power network. This occurs amid declining collection rates, non-technical losses, and the accumulation of debts by public institutions, with public hospitals exempted for humanitarian reasons.
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