The outgoing Minister of Finance, Ghazi Wazni, his counterpart of Energy and Water Resources Raymond Ghajar as well as the Director of Electricity of Lebanon Kamal Hayek, held a series of meetings this morning to find a solution to various problems facing facing the public company.
At the end of this meeting, it is indicated that the current authorities would try to open an additional credit of 1.5 trillion Lebanese pounds. As a reminder, the constitutional council following an appeal by the parliamentary bloc of the Lebanese Forces had suspended the decision to grant an advance of 200 million dollars in advance to the EDL in order to finance the purchases of fuel oil necessary for the operation of public electricity production plants.
The participants stressed that the top priority is to find the necessary financing to purchase fuel oil.
However, the decision of the financial prosecutor, Judge Ali Ibrahim, to seize the famous electricity production barges against a payment of $ 25 million demanded from the Turkish company Karadeniz following the discovery of what appears to be some embezzlement could lead the suspension of electricity production from the latter. 400 megawatts could thus be missing from the network. Total production could even drop below 900 megawatts
