The Turkish company Karadeniz has followed through on its threats, indicating that its electricity production barges have ceased all production in a statement released this morning. This shutdown will result in the loss of 400 Mgw, the total production now being less than 900 Mgw at the national level and comes at a time when the Electricité du Liban (EDL) should no longer have the fuel reserves necessary for the needs of its power plants. here in early June after the Constitutional Council decided, following an appeal by the Lebanese Forces parliamentary bloc, to suspend the granting of exceptional funding of $ 200 million, further aggravating the situation.
As a reminder, the financial prosecutor, Judge Ali Ibrahim had accused the company of having paid $ 7 million to certain local officials and imposed a fine of $ 25 million. He then ordered the seizure of these barges pending payment of these sums.
Karadeniz had previously indicated for his part not to have been paid for more than 18 months, that is to say since the beginning of the financial crisis which the Country of the Cedars is going through.