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Lebanon at risk of complete blackout by end-Sept, state power firm says-[REPORT]

Lebanon Economy

23-09-2021 | 13:10

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Lebanon at risk of complete blackout by end-Sept, state power firm says-[REPORT]

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Lebanon's state electricity company said on Thursday it risked a total blackout across the country by end-September as its fuel oil reserves dwindle.

The company can generate less than 500 megawatts from fuel
oil it secured through a deal with Iraq, it said in a statement.

The statement added that the company is still unable to use the surplus of the national currency accumulated in its account at the Central Bank in order to cover a part of its needs of fuel.

Worsening shortages of fuel have meant little if any state-supplied power for the past few months with most Lebanese relying on private generators.

LBCI/REUTERS

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