'Electricity reform is already underway': Regulator pledges progress
The new electricity sector policy adopted last Thursday by the Cabinet acknowledges that Lebanon does not have funds to finance large infrastructure projects.
Three members of the Electricity Regulatory Authority on Monday unveiled the main pillars of the government's new electricity policy, adopted by the Cabinet last Thursday and drafted with input from local and international partners.“This is a roadmap to guide a reform that is, in fact, already underway,” Sorina Mortada said. She believes the process could take less than five years but stressed that decisions do not depend solely on the Authority.The first two decrees needed to launch the process are ready and will need to be approved by the Cabinet in the coming weeks. These concern transforming the public provider Électricité du Liban (EDL) into a joint stock company fully owned by the state ('Public SAL') and the legal separation of production, transmission, wholesale purchasing, distribution and supply activities. “If...
Three members of the Electricity Regulatory Authority on Monday unveiled the main pillars of the government's new electricity policy, adopted by the Cabinet last Thursday and drafted with input from local and international partners.“This is a roadmap to guide a reform that is, in fact, already underway,” Sorina Mortada said. She believes the process could take less than five years but stressed that decisions do not depend solely on the Authority.The first two decrees needed to launch the process are ready and will need to be approved by the Cabinet in the coming weeks. These concern transforming the public provider Électricité du Liban (EDL) into a joint stock company fully owned by the state ('Public SAL') and the legal separation of production, transmission, wholesale purchasing, distribution and supply activities....
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