A solution has been found for the Deir Ammar plant, the construction of which was supposed to have started in 2013 and connected to the network by 2015, to supply the power grid with 550 megawatts of electricity.
The Lebanese government reached an agreement with J AND P AVAX company, whereby it agreed on the design prepared by the company for the plant and for the company to fund, operate and provide maintenance for the plant for a period of 20 years, after which the plant will be handed over to the state.
The agreement between the government and the contractor ended the conflict that has been based on the VAT, and that delayed the construction of the plant, depriving the citizens of 5 hours per day of power supply.
A study conducted by the World Bank stated that the delay in supplying the power grip with 500 megawatts has cost the Lebanese economy direct and indirect losses of $2.5 billion per year, which makes the overall losses over 5 years reach $12.5 billion, which equals the losses sustained due to the Syrian displacement.
For more details, watch the full report in the video above