24 Hrs
Source:
الكتائب اللبنانية
Lebanese Electric warns of outages
Lebanon's Electricity Foundation reported a worsening financial crisis due to an unprecedented increase in global fuel prices, with the cost of diesel reaching approximately $1,500 per ton, compared to the $680 estimate used in the foundation's 2026 budget. This represents an international increase of between 88% and 91%. As a result, the foundation has experienced a severe decline in its ability to secure funding, with overdue payments accumulating from public administrations and official institutions, alongside rising electricity wastage rates. The foundation has decided to take exceptional measures, including cutting power supply to overdue administrations and institutions after a five-day grace period. The focus will be on improving bill collection and reducing electricity supply hours in areas with high wastage, except for government hospitals for humanitarian reasons, all aimed at enhancing the sustainability of electricity supplies in Lebanon.
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