LBCI

Lebanon continues to pay delay fines as political disputes over electricity persist

News Bulletin Reports

2023-01-11 | 09:38

Share

Share

Lebanon continues to pay delay fines as political disputes over electricity persist

2^min

Due to the failure to unload four ships loaded with gas and fuel oil for the benefit of Electricite Du Liban (EDL), there will be a fine of $800,000 for delay. For each additional day of delay, the penalty for each ship increases by $18,000.

Caretaker Minister of Energy Walid Fayyad stated this to the Parliamentary Public Works, Transport, Energy, And Water Committee, which has no choice but to speak up.

However, the committee's discussions on this matter demonstrated that political disputes are what causes the Lebanese to go without electricity and to squander more money.

The committee's discussions on how to pay for these fuel ships have not resulted in any progress. The minister of energy continues to insist on enforcing the exceptional approval decision. In contrast, the finance minister insists on deciding the financing matter in the Cabinet.

In the committee, there were sharp discussions between Caretaker Minister Fayyad and several MPs, especially MP Ziyad Hawat. These discussions stayed within the political context.

Some backed Fayyad and absolved him of the duty of bringing in the ships, those who blamed him directly from squandering of funds, and those who emphasized that the solution is primarily political.

In conclusion, Lebanon will continue to accrue delay fines unless the financing is finished. Caretaker Minister of Energy has a solution that is based on encouraging the Lebanese to resort to the streets to pressure for securing the funding, noting that when this occurs, he can negotiate with Vitol company for a discount related to the value of the delay fines.

Breaking Headlines

Lebanon News

News Bulletin Reports

Lebanon

Electricity

Next

Amid Iran strike plans, US affirms Israel’s right to act if ceasefire with Lebanon is broken

Recommended For You

Years of delay: Investigations into Beirut Port explosions resume

News Bulletin Reports

13:17

Years of delay: Investigations into Beirut Port explosions resume

UN chief Guterres tours South Lebanon: Calling for Israeli withdrawal by deadline

News Bulletin Reports

13:13

UN chief Guterres tours South Lebanon: Calling for Israeli withdrawal by deadline

Inside Israel's government: Sunday marks start of prisoner exchange between Israel and Palestinians

News Bulletin Reports

13:11

Inside Israel's government: Sunday marks start of prisoner exchange between Israel and Palestinians

Baabda meetings featuring Macron, Aoun, Berri, Salam, Mikati: Government formation takes positive turn

News Bulletin Reports

12:51

Baabda meetings featuring Macron, Aoun, Berri, Salam, Mikati: Government formation takes positive turn

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israel closer to arrangement on Lebanon fighting: Israeli Energy Minister

Middle East News

2024-11-14

Israel closer to arrangement on Lebanon fighting: Israeli Energy Minister

Israel's new Defense Minister Katz vows to defeat 'enemies, achieve war goals'

Middle East News

2024-11-05

Israel's new Defense Minister Katz vows to defeat 'enemies, achieve war goals'

Israeli army issues urgent evacuation warning for Borj El Chmali, Maachouq and Haouch residents in Tyre

2024-11-16

Israeli army issues urgent evacuation warning for Borj El Chmali, Maachouq and Haouch residents in Tyre

Hezbollah claims rocket strike on northern Haifa

2024-11-04

Hezbollah claims rocket strike on northern Haifa

Videos

Unexploded Israeli booby trap discovered in home in South Lebanon's Meiss El Jabal (Video)

2025-01-16

Unexploded Israeli booby trap discovered in home in South Lebanon's Meiss El Jabal (Video)

Lebanon's First Lady Neemat Aoun addresses the press, affirms commitment to rebuild South Lebanon (Video)

2025-01-14

Lebanon's First Lady Neemat Aoun addresses the press, affirms commitment to rebuild South Lebanon (Video)

LBCI captures scenes of destruction in southern Lebanese town of Chamaa following Israeli attacks

2025-01-13

LBCI captures scenes of destruction in southern Lebanese town of Chamaa following Israeli attacks

Presidential images of Army Commander Joseph Aoun printed (Video)

2025-01-08

Presidential images of Army Commander Joseph Aoun printed (Video)

LBCI documents scenes of destruction in Naqoura and Aalma in South Lebanon

2025-01-08

LBCI documents scenes of destruction in Naqoura and Aalma in South Lebanon

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

2024-12-24

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

Car runs over security officer in Beirut, Lebanon (Video)

2024-12-21

Car runs over security officer in Beirut, Lebanon (Video)

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

2024-12-20

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

Inside Tartus Port: Russia's strategic naval presence in the Middle East

News Bulletin Reports

2024-12-16

Inside Tartus Port: Russia's strategic naval presence in the Middle East

Most read

24 hours

7 days

Month

Syrian Interior Ministry foils weapon smuggling attempt to Lebanon

1

Syrian Interior Ministry foils weapon smuggling attempt to Lebanon

Macron to President Joseph Aoun at Baabda Palace: France will mobilize the international community to assist Lebanon across all sectors

2

Macron to President Joseph Aoun at Baabda Palace: France will mobilize the international community to assist Lebanon across all sectors

French President Macron stops for coffee in Gemmayzeh during Beirut visit

3

French President Macron stops for coffee in Gemmayzeh during Beirut visit

French President Emmanuel Macron arrives in Beirut amid key political developments in Lebanon

4

French President Emmanuel Macron arrives in Beirut amid key political developments in Lebanon

Guterres says UNIFIL uncovered over 100 Hezbollah or other armed groups weapons caches since November 27

5

Guterres says UNIFIL uncovered over 100 Hezbollah or other armed groups weapons caches since November 27

Nawaf Salam discusses government formation and cooperation after "promising" meeting with Speaker Berri

6

Nawaf Salam discusses government formation and cooperation after "promising" meeting with Speaker Berri

French President Emmanuel Macron and Speaker Nabih Berri hold private meeting at Baabda Palace

7

French President Emmanuel Macron and Speaker Nabih Berri hold private meeting at Baabda Palace

Baabda meetings featuring Macron, Aoun, Berri, Salam, Mikati: Government formation takes positive turn

8

Baabda meetings featuring Macron, Aoun, Berri, Salam, Mikati: Government formation takes positive turn

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