Photo of a gas turbine (used with the authorization of GE Vernova)
Has Lebanon’s long-awaited decision to turn to gas to make up part of its structural shortfall already been compromised by new market realities? As part of his plan to modernize the sector, Energy Minister Joe Saddi said in May that one of the solutions being considered to address the country’s chronic electricity deficit was the construction of two new gas-fired power plants, at an estimated total cost of around $2 billion. A project to build one of these plants, Deir Ammar II, which is expected to generate around 875 MW, is already under consideration as part of a project structured with the International Finance Corporation (IFC), a member of the World Bank Group.This additional capacity would be welcome after years of stopgap measures, but it would still fall short of meeting round-the-clock electricity and meet a nationwide demand...
Has Lebanon’s long-awaited decision to turn to gas to make up part of its structural shortfall already been compromised by new market realities? As part of his plan to modernize the sector, Energy Minister Joe Saddi said in May that one of the solutions being considered to address the country’s chronic electricity deficit was the construction of two new gas-fired power plants, at an estimated total cost of around $2 billion. A project to build one of these plants, Deir Ammar II, which is expected to generate around 875 MW, is already under consideration as part of a project structured with the International Finance Corporation (IFC), a member of the World Bank Group.This additional capacity would be welcome after years of stopgap measures, but it would still fall short of meeting round-the-clock electricity and meet a nationwide...
Iran retaliates with reported strikes on US targets, despite Trump threat