| 4 March 2024, Monday |

Power generator bill is likely to drop this month

The former Director General of Investment in the Ministry of Energy and Water Ghassan Baydoun, confirmed that Lebanon will receive $1.135 billion from the International Monetary Fund, and this is good news because part of this fund will be used for electricity and for the maintenance of the power plants.

Beydoun indicated in a radio interview that the power generators’ bill would decline this month due to the reduce in power cuts, after the arrival of the Iraqi fuel shipments to Lebanon and the stricter control imposed.

The Lebanese are experiencing a severe fuel crisis due to outages in diesel oil, and growing difficulties of importing these commodities after the Central Bank lifted subsidies, and refused to open credits to fulfill the market needs.

The crisis was exacerbated by the inability of Electricité du Liban (EDL) to secure electricity across Lebanon, and imposing a harsh rationing that led to greater dependence on private power generators that run on diesel.

  • Sawt Beirut International