20 Hrs
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دايلي بيروت
Zahle Electricity discussed at WB and IMF
The article focused on Lebanon's reform efforts in the electricity sector, especially during a meeting between Prime Minister Nohad Machnouk and international officials in Washington. The importance of reforming the electricity tariff was highlighted, linking it to oil costs to address nearly 30% waste, as well as tackling violations and electricity theft. The Zahle Electricity Model was presented as a practical example to improve collection, reduce waste, and enhance investment confidence, with the World Bank expressing interest in it, viewing its success as supporting investment attraction and sector stability. The government indicated that reform requires comprehensive restructuring, improved revenue collection, and financial guarantees to attract private investments, with a focus on sector governance and legal enforcement.
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