Energy Minister Emphasizes Financial Sustainability and Tariff Flexibility for Lebanese Electricity
The article addresses the issue of power outages and electricity shortages in Lebanon. Energy Minister Joe Saade indicated that the causes are due to low productivity and the lack of necessary investments, along with the wastage of depositors' funds through the burning of fuel oil. He confirmed that the solution involves rehabilitating and upgrading power plants, investing in renewable energy, and negotiating with Syria and Turkey to import electricity. He also mentioned that the government and its institutions owe approximately 250 million dollars in financial arrears. Additionally, efforts are underway to update wind energy licensing to ensure the sustainability and development of Lebanon's electricity sector.
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