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FinancialNews


  • 07-08-18

    Lebanon: private generators owners reject price reduction plan

    (MENAFN) Lebanon's owners of private generators in Sidon reportedly refused a plan made by the Energy Ministry to cut their price per kilowatt.

    The Lebanese energy ministry has reached a resolution to reduce the prices from USD0.27 for each kilowatt seen in July to 332 pounds in August.

    Elnashra reported the owners as saying "we call upon head of Sidon municipality to get in touch with the ministry and convince the officials to change the price in a bid to ensure the stability of this sector."

    Governor of South Lebanon Mansour Daw said "we will not accept any protests or power cuts to take place in a bid to pressure the ministry to change the price."

    MENAFN0708201800450000ID1097259985

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