Connect with us

Hi, what are you looking for?

News

Minister says Jordan to supply Lebanon with electricity by year-end

Lebanon electricity

Jordan plans to start supplying Lebanon with electricity by the end of this year, accccording to the Jordanian energy minister.

The Lebanese government tries to tackle its crippling energy shortages amid the country’s financial meltdown.

The minister, Hala Zawati, told Sky News Arabia that Lebanon was seeking World Bank financing for the project, part of efforts backed by the United States to address Lebanon’s energy crisis.

Egypt will also supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help boost Lebanon’s electricity output, by an agreement announced last month.

Outlined by the Lebanese presidency in August, the plan also involves using Egyptian gas to generate electricity in Jordan for transmission to Lebanon via the Syrian power grid.

U.S. senators visiting Lebanon last month said they were seeking ways to address the complicating factor of U.S. sanctions on Syria.

Iran was ready to build two power plants in Lebanon, one in Beirut and the other in the south of the country, over a period of 18 months, Iranian Foreign Minister Hossein Amir-Abdollahian said in Beirut on Thursday.

Iran backs the heavily armed, Lebanese Shi’ite group Hezbollah, deemed a terrorist group by the United States.

“We are completely ready to accomplish this project using the Islamic Republic of Iran’s technical expertise, and benefiting from joint Iranian-Lebanese investment,” he said, speaking via an Arabic translator.

He did not say who the investors could be.

Lebanon’s two major power stations shut down Saturday due to a fuel shortage which has resulted in power outages in most areas in the country, according to local media outlets.

Authorities are working “to partially restore electricity to various Lebanese regions, by supplying production stations with fuel from the reserves available for extreme necessities,” Lebanon state-run NNA news reported. “Electricity will gradually return in the coming hours,” it added.
NNA also reported that local residents started cutting off roads in several areas in protest over the deterioration of their living conditions following the power outages, which also caused water shortages.
Minister of Energy and Water Walid Fayyad said Friday: “Everyone is seriously working on this issue in order to secure additional … electricity for Lebanon,” according to NNA.
“The matter is related to the expected financing from the World Bank,” Fayyad added. “I met with an official from the World Bank for the Middle East, and he conveyed to me the determination to end the process by providing all the necessary facilities to Lebanon.”
Many Lebanese normally rely on private generators that run on diesel, although that is in short supply, Reuters reported.
Lebanon has been paralyzed by an economic crisis which has deepened as supplies of imported fuel have dried up. The Lebanese currency has fallen by 90% since 2019.

 

Finance

The Saudi economy is giving indications that it is recovering from the Coronavirus pandemic better in the first half of this year, the World...

World

Yemenis have not benefited from the continuous jumps in natural gas prices globally, due to the ongoing battles in Marib, which are very close...

special

UAE banks’ investments grew by 24.6% year-on-year in the first eight months of 2021. The Central Bank said that UAE banks’ investments amounted to...

Finance

Cryptocurrencies continue to soar, making leaps and bounds, approaching $2.5 trillion. Supported by significant gains for the majority of currencies led by Bitcoin, Cryptocurrencies...