Lebanon has issued permits to 11 companies to build solar power plants that can produce 15 megawatts each, as the country battles severe electricity shortages.
Energy Minister Walid Fayad said the companies — which are domestic and international — would have a year to secure funding.
Electricity produced from solar energy would cost between 3.6 to 5.7 cents a kilowatt hour, compared with 10 to 15 cents for power generated from fuel, Mr Fayad said in Beirut on Thursday.
He said the licences would sent a positive signal to the international community, which has urged Lebanon to reform its energy sector.
The American University of Beirut said that since 1992, “the share of the electricity sector spending, including subsidies, has accounted for around $40 billion, which is around 40 per cent of Lebanon’s government debt“.
Lebanon’s state electricity supplier only provides about two to three hours of power a day, forcing people to turn to expensive private generators.
The country’s energy demand is more than 3,000MW a day.
Mr Fayad said he would travel to Syria on Sunday to negotiate a deal on importing Egyptian gas and Jordanian electricity through Syria, in a project supported by the US and with World Bank financing.
The deal would lead to about six more hours of power a day.
Monkeypox can be contained in countries outside of Africa where the virus is not usually detected, the World Health Organization (WHO) says. More than 100 cases of the virus - which causes a rash and a fever - have been confirmed in Europe, the Americas and Australia....
Amber Heard's team will not call Johnny Depp to the stand, a source close to Ms Heard said, a strategic U-turn in the last days of the high-profile trial. Ms Heard's team had planned to call Mr Depp for more questioning on Monday, but changed course without...
The war has now become a "global issue" underscoring the importance of defending international order, he said. Japanese PM Fumio Kishida also echoed his comments, saying that a similar invasion should not happen in Asia. Mr Biden is meeting the leaders of Japan,...
Submit your event
We will be happy to share your events. Please email us the details and pictures at email@example.com
P.O. Box: 311001 Independance, Ohio, 44131
+1 (216) 269 3272