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Cabinet endorses electricity plan

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08-04-2019 | 10:21

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Cabinet endorses electricity plan

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The Cabinet endorsed on Monday the electricity plan during a session held at the Baabda Presidential Palace and chaired by President Michel Aoun.

Following the session, Prime Minister Saad Hariri said that the Cabinet unanimously endorsed the plan with all of its articles, adding that the atmosphere was positive.

“The plan will provide 24/24 electricity and all International institutions will see that Lebanon is adopting positive steps to improve this sector,” he added.

Hariri also praised the work of Energy Minister Nada Boustani, adding that the country is heading toward the implementation of the plan.

This as President Michel Aoun called on at the beginning of the session the ministers to study the electricity plan and to approve it "because people are waiting."

Prior to the session, a private meeting was held between Aoun and Hariri.

The power sector reform plan aims to boost generation capacity while reducing state subsidies that have led to one of the world's heaviest public debt burdens.

Steps towards fixing the power sector are seen as a critical test of the government's will to press ahead with long-delayed reforms and would help Lebanon unlock billions of dollars of financial support pledged last year.

Power cuts have long hobbled the economy and while state subsidies have helped to rack up public debt equivalent to 150 percent of gross domestic product.

LBCI/REUTERS

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