Lebanon Just Issued 11 Licenses For Solar Power Projects

GreenArea

The Lebanese government issued 11 licenses on Thursday to companies to produce 15 megawatts (MW) of solar power each, as announced by Energy Minister Walid Fayyad.

According to Reuters, the companies will have about a year to secure funding.

The Energy Minister expressed that this licensing comes as a “good sign” to the international community, which is demanding the necessary reforms from Lebanon’s energy sector.

In the year 2022, and despite the exorbitant amount of funds that were allocated to the sector for electricity supply this past decade, the Lebanese people are still struggling to have and afford electricity power for their daily life.

Adding to the problems of corruption, the country’s electricity problems have worsened over the years due to negligence and mismanagement that have left the people in Lebanon bearing the severe consequences of the financial collapse.

The International Monetary Fund (IMF) has previously discussed with Lebanon a bailout program to prevent the electricity issue from causing a further drain on public monetary reserves.

In addition, the anger regarding the very-low electricity power supply is only increasing, as tens of people have previously stormed the Energy Ministry and have even gotten to the point when individuals attacked the minister due to rising rage.

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Lebanon Just Issued 11 Licenses For Solar Power Projects

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