LBCI

Safadi: Adoption of electricity plan is a “big step”

08-09-2011 | 11:03

Share

Share

Safadi: Adoption of electricity plan is a “big step”

Finance Minister Mohammad Safadi described the adoption of the electricity plan as a “big step”, underscoring the importance of joint efforts that eventually led to an agreement amongst ministers to allocate the budget funds - $1.2 billion- in four installments.

“The cost of the electricity plan will be included in the budget for the next three years, this way the treasury will not have to bear any extra-budgetary burdens”, Safadi said, “let us not forget that the huge chunks of the 2012 budget have already been earmarked to build dams, gas pipes and roads”.

Safadi stressed that the decision to allocate funds in four installments eased the discussions and opened the possibility for dialogue with Arab backers.

The government approved a controversial electricity bill Wednesday after a last minute compromise over the funding of the project was reached, ending weeks of negotiations that threatened the cabinet’s unity.

Lebanon News

Adoption

electricity

step”

Next

Lebanon’s State Security hails troops’ efforts in new year security plan

Recommended For You

LBCI Exclusive footage shows massive fire raging through Aitou forest

08:04

LBCI Exclusive footage shows massive fire raging through Aitou forest

Israeli minister calls for escalation with Lebanon, says threats must be ‘crushed’ in Beirut

07:30

Israeli minister calls for escalation with Lebanon, says threats must be ‘crushed’ in Beirut

Lebanon Civil Defense warns against swimming along coast amid high waves

06:40

Lebanon Civil Defense warns against swimming along coast amid high waves

US responds to Qassem remarks, says Hezbollah bears responsibility for Israeli presence in Lebanon

05:57

US responds to Qassem remarks, says Hezbollah bears responsibility for Israeli presence in Lebanon

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

UN chief launches $325 million appeal to support Lebanon in Israel war

2026-03-13

UN chief launches $325 million appeal to support Lebanon in Israel war

Israel strikes in Lebanon push death toll past 1,300, ministry reports

2026-04-02

Israel strikes in Lebanon push death toll past 1,300, ministry reports

Europol says three arrested over suspected Syrian migrant-smuggling network

2026-08-06

Europol says three arrested over suspected Syrian migrant-smuggling network

Gaza civil defence says Israeli strikes kill at least five people

Israel-Gaza War Updates

2026-02-27

Gaza civil defence says Israeli strikes kill at least five people

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Deadly dawn in south Lebanon: 11 killed in Israeli strikes on Ansar and Deir el-Zahrani

1

Deadly dawn in south Lebanon: 11 killed in Israeli strikes on Ansar and Deir el-Zahrani

Israel wants 'more serious' talks with Lebanon: AFP

2

Israel wants 'more serious' talks with Lebanon: AFP

Israel says Lebanon strike targeted Hezbollah commander

3

Israel says Lebanon strike targeted Hezbollah commander

Netanyahu’s office says Hezbollah attack wounded three Israeli soldiers

4

Netanyahu’s office says Hezbollah attack wounded three Israeli soldiers

Israeli minister calls for escalation with Lebanon, says threats must be ‘crushed’ in Beirut

5

Israeli minister calls for escalation with Lebanon, says threats must be ‘crushed’ in Beirut

US responds to Qassem remarks, says Hezbollah bears responsibility for Israeli presence in Lebanon

6

US responds to Qassem remarks, says Hezbollah bears responsibility for Israeli presence in Lebanon

Lebanon Civil Defense warns against swimming along coast amid high waves

7

Lebanon Civil Defense warns against swimming along coast amid high waves

LBCI Exclusive footage shows massive fire raging through Aitou forest

8

LBCI Exclusive footage shows massive fire raging through Aitou forest

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