Turkey’s Karpowership will resume electricity supply to Lebanon from its two power ships from Tuesday in a decision it said was a goodwill gesture against a backdrop of talks over payment arrears and a legal threat to its vessels.
The company told the government in May that it would have to shut down unless there were moves toward settling the issues.
Karpowership used to supply 370 megawatts (MW), or about a quarter of Lebanon’s supply.
Meanwhile, Lebanon’s government raised fuel prices on Tuesday, after agreeing last week to effectively cut fuel subsidies, a move aimed at alleviating crippling shortages but which will increase the pressure on impoverished consumers.
Lebanon’s President Aoun approves $200 mln loan for fuel to generate electricityLebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity ... Middle East
Turkey’s Karpowership shutting down electricity generation to Lebanon: StatementTurkey’s Karpowership, which provides electricity to Lebanon from two barges, said on Friday it was shutting down supplies over payment arrears and a ... Middle East
Ongoing IMF-Lebanon talks focusing on electricity, energy reformsAs ongoing power shortages leave lights off around Beirut, the latest talks between Lebanese officials and the International Monetary Fund have ... Middle East
In long-awaited step, Lebanon appoints board at state-owned electricity firm EDLThe Lebanese government appointed a new board of directors at the state-owned electricity company on Tuesday, a ministerial source said, a ... Energy