Beirut, Lebanon – Lebanon’s electricity sector is again on the verge of total failure, and the government has once more continued to throw money at it, instead of fixing it.

State-run producer Électricité du Liban (EDL) ran out of funds to purchase fuel, so the government issued a letter to the central bank for an advance from its withering reserves.

A source from the energy ministry told Al Jazeera the advance is worth $200m. The central bank’s subsidies, estimated at more than $15m, are depleting rapidly, and Lebanon’s expensive and ineffective electricity sector is partly to blame.

In a May 2020 presentation to international donors, Energy Minister Raymond Ghajar said that losses from the electricity sector cost about $1.6bn in public funds every year, though some

Read More At Article Source | Article Attribution