LBCI

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

20-02-2022 | 04:33

Share

Share

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

3^min

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

Next

Israeli army claims striking Hezbollah arms depot in South Lebanon (Video)

Recommended For You

Iranian officials arrive at Baabda Palace ahead of Hezbollah's former leaders funeral

04:13

Iranian officials arrive at Baabda Palace ahead of Hezbollah's former leaders funeral

Israeli airstrike targets Brissa in Hermel's outskirts, Lebanon

03:49

Israeli airstrike targets Brissa in Hermel's outskirts, Lebanon

Israel to monitor Nasrallah’s funeral from the air – Report

Middle East News

03:18

Israel to monitor Nasrallah’s funeral from the air – Report

Israeli army claims striking Hezbollah positions in South Lebanon, targets rocket launchers

03:12

Israeli army claims striking Hezbollah positions in South Lebanon, targets rocket launchers

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Red Cross takes coffins in Hamas handover of dead Gaza hostages: AFP

Israel-Gaza War Updates

2025-02-20

Red Cross takes coffins in Hamas handover of dead Gaza hostages: AFP

Israeli army captures two individuals from Houla, South Lebanon, after entering the village (Video)

2025-01-26

Israeli army captures two individuals from Houla, South Lebanon, after entering the village (Video)

Inside the buffer zone: Israeli military presence and destruction between Kfarkela and Odaisseh

News Bulletin Reports

2025-02-21

Inside the buffer zone: Israeli military presence and destruction between Kfarkela and Odaisseh

Lebanon's labor minister to represent PM Nawaf Salam at funeral of former Hezbollah leaders

11:19

Lebanon's labor minister to represent PM Nawaf Salam at funeral of former Hezbollah leaders

Videos

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

02:43

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Saad Hariri holds series of diplomatic and religious meetings in Beirut

2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

2025-02-13

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

2025-02-10

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

Egypt's FM reaffirms Lebanon's sovereignty in government formation after meeting PM-designate

2025-01-31

Egypt's FM reaffirms Lebanon's sovereignty in government formation after meeting PM-designate

Israeli airstrike destroys main road between Syria and Lebanon, cuts power lines

2025-01-31

Israeli airstrike destroys main road between Syria and Lebanon, cuts power lines

MP Samy Gemayel says all positive dialogue is met with disruptive actions

2025-01-27

MP Samy Gemayel says all positive dialogue is met with disruptive actions

LBCI's sources: Lebanese Army enters several border towns in South Lebanon

2025-01-26

LBCI's sources: Lebanese Army enters several border towns in South Lebanon

Most read

24 hours

7 days

Month

Lebanese army and ISF raise readiness to 100 percent for Hassan Nasrallah's funeral in Beirut

1

Lebanese army and ISF raise readiness to 100 percent for Hassan Nasrallah's funeral in Beirut

Final touches in place: Lebanon readies for funeral of Hezbollah's former leaders

2

Final touches in place: Lebanon readies for funeral of Hezbollah's former leaders

President Aoun meets US congressional delegation; Ronny Jackson emphasizes commitment to Lebanon

3

President Aoun meets US congressional delegation; Ronny Jackson emphasizes commitment to Lebanon

Lebanon's President Aoun urges US pressure on Israel to comply with ceasefire agreement

4

Lebanon's President Aoun urges US pressure on Israel to comply with ceasefire agreement

Vehicle ignites after Israeli army shoots at it near south Lebanon's Houla

5

Vehicle ignites after Israeli army shoots at it near south Lebanon's Houla

Large crowds march toward Camille Chamoun Sports City Stadium for Hezbollah’s former leaders Nasrallah and Safieddine

6

Large crowds march toward Camille Chamoun Sports City Stadium for Hezbollah’s former leaders Nasrallah and Safieddine

On LBCI, Egypt’s ambassador Alaa Moussa says Arab states show stronger commitment to Lebanon

7

On LBCI, Egypt’s ambassador Alaa Moussa says Arab states show stronger commitment to Lebanon

Israel to monitor Nasrallah’s funeral from the air – Report

8

Israel to monitor Nasrallah’s funeral from the air – Report

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