Energy Minister Fayad reveals via LBCI more details about the electricity plan

Lebanon News
20-02-2022 | 05:33
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Energy Minister Fayad reveals via LBCI more details about the electricity plan
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
3min
Energy Minister Fayad reveals via LBCI more details about the electricity plan
Energy Minister Walid Fayad revealed on Sunday during an interview with Nharkom Said TV show on LBCI that the first stage of the electricity plan is to increase electricity feeding to 8 and 10 hours by extracting gas from Egypt and electricity from Jordan at the best prices, explaining that “gas is cheaper than the fuel oil that power plants operate today.”
 
The minister also confirmed that the first stage of the plan will be implemented in the spring, as they have received the most recent copy of contracts regarding Egyptian gas, indicating that obtaining financing from the International Monetary Fund is contingent on obtaining exemptions as well as the necessary funds from the IMF, and that the money provided will not be wasted.
 
He then stressed that the plan will benefit the Lebanese people, adding that the first stage is a practical and technical one with no political quarrels.
 
“Today, Lebanon gets three hours of electricity, which is provided through Iraqi fuel and costs $70 million per month,” Fayad pointed out, saying that “by the year 2023, we will have 17 hours of electricity.”
 
The second stage of the electricity plan, according to Fayad, is to run the Deir Ammar and Al Zahrani plants with gas rather than fuel oil via the Arab gas pipeline, and the third stage is to lay the groundwork for new power plants and to shut down Zouk plant, which has a negative impact on the economy and the environment.
 
Fayad further highlighted that we have an 18 percent technical waste problem, but that it can be reduced to 15% by 2026.
 
“The proposed plan relies 30% on gas and 70% on renewable energy, and the plan is built on geographic and regional diversity in solar energy installation,” he explained.

Breaking Headlines

Lebanon News

Energy Minister

Lebanon

Fuel

Crisis

Electricity

Plan

LBCI Next
Source close to Hezbollah says Israel strike targeted Palestinian affairs official
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:10

A genius mourned: Lebanon gathers for Ziad Rahbani's memorial

LBCI
News Bulletin Reports
12:57

Return plan takes off: First convoy of Syrian refugees returns from Lebanon

LBCI
News Bulletin Reports
12:48

Banking reform law reaches Lebanese Parliament: What it means for depositors

LBCI
Lebanon News
11:23

Fairuz leaves Ziad Rahbani's condolences ceremony—Video

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
News Bulletin Reports
12:48

Banking reform law reaches Lebanese Parliament: What it means for depositors

LBCI
Israel-Gaza War Updates
2025-04-25

WHO chief insists Israel's aid blockade of Gaza 'must end'

LBCI
Lebanon News
2025-07-24

Couple found dead in Ghazir home in suspected robbery

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

Videos
d-none hideMe
LBCI
Lebanon News
2025-07-15

Pregnant journalist Petra Abou Haidar attacked in road rage assault

LBCI
Lebanon News
2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

LBCI
Lebanon News
2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

LBCI
Lebanon News
2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

LBCI
Lebanon News
2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI
Lebanon News
2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More