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FinancialNews
08-04-19
Lebanon to approve plan to improve electricity sector
(MENAFN) Lebanon is aiming to tackle electricity challenges with the government organizing a special session on Monday to address the matter.
During the session, the Lebanese cabinet is mulling over and supporting a new electricity strategy that looks to reform the sector.
Under the new plan, Lebanon will also be increasing the power supply and reducing subsidies to the state-run Electricite du Liban valued at around USD2 billion per year.
Youth and Sports Minister Mohammad Fneish stated "there are still some sticking points that need to be resolved, the most important of which is the mechanism to conduct the bidding to implement the plan."
MENAFN0804201900450000ID1098358425
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