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

Lebanon News
20-02-2022 | 04:33
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
Israeli army claims it killed Hezbollah member in Nabatieh — spokesperson
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:10

Second weapons transfer: Palestinian factions hand over arms to Lebanese Army in Ain al-Hilweh

LBCI
News Bulletin Reports
13:00

Israel faces uncertainty as Trump signals major regional actions

LBCI
News Bulletin Reports
12:47

Do not drink and drive: Lebanon tightens controls on New Year’s Eve

LBCI
Lebanon News
09:54

Lebanon's FM calls for balanced ties with Iran based on sovereignty

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-11-20

French foreign ministry expresses concern over intensifying Israeli attacks in South Lebanon

LBCI
Lebanon News
09:54

Lebanon's FM calls for balanced ties with Iran based on sovereignty

LBCI
Lebanon News
2025-11-28

Lebanon's Health Ministry: 335 killed and 973 injured since the cessation of hostilities agreement

LBCI
Lebanon News
2025-12-02

Lebanese Culture Minister says political message behind Pope's visit is to encourage Lebanese not to lose hope

Videos
d-none hideMe
LBCI
Lebanon News
2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

LBCI
Lebanon News
2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

LBCI
Lebanon News
2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

LBCI
Lebanon News
2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

LBCI
Lebanon News
2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

LBCI
Lebanon News
2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

LBCI
Middle East News
2025-11-27

Pope Leo leaves for Istanbul—Video

LBCI
Middle East News
2025-11-27

Pope Leo arrives at Turkey's Presidential Palace—Video

LBCI
Middle East News
2025-11-27

Pope Leo visits Mustafa Kemal Ataturk's mausoleum—Video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:00

Israel faces uncertainty as Trump signals major regional actions

LBCI
Lebanon News
08:39

Lebanon’s finance ministry issues tax notice on Sayrafa transactions

LBCI
News Bulletin Reports
12:47

Do not drink and drive: Lebanon tightens controls on New Year’s Eve

LBCI
News Bulletin Reports
13:10

Second weapons transfer: Palestinian factions hand over arms to Lebanese Army in Ain al-Hilweh

LBCI
Lebanon News
05:04

Palestinian Security Forces complete fifth phase of heavy weapons handover in Ain al-Hilweh

LBCI
Middle East News
09:39

UAE Defense Ministry announces voluntary withdrawal of remaining counter-terrorism units from Yemen

LBCI
Lebanon News
07:57

Lebanese Defense Minister meets US Ambassador

LBCI
Lebanon News
09:54

Lebanon's FM calls for balanced ties with Iran based on sovereignty

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