Lebanon continues to pay delay fines as political disputes over electricity persist

News Bulletin Reports
11-01-2023 | 09:38
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Lebanon continues to pay delay fines as political disputes over electricity persist
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Lebanon continues to pay delay fines as political disputes over electricity persist
Due to the failure to unload four ships loaded with gas and fuel oil for the benefit of Electricite Du Liban (EDL), there will be a fine of $800,000 for delay. For each additional day of delay, the penalty for each ship increases by $18,000.
 
Caretaker Minister of Energy Walid Fayyad stated this to the Parliamentary Public Works, Transport, Energy, And Water Committee, which has no choice but to speak up.
 
However, the committee's discussions on this matter demonstrated that political disputes are what causes the Lebanese to go without electricity and to squander more money.
 
The committee's discussions on how to pay for these fuel ships have not resulted in any progress. The minister of energy continues to insist on enforcing the exceptional approval decision. In contrast, the finance minister insists on deciding the financing matter in the Cabinet.
 
In the committee, there were sharp discussions between Caretaker Minister Fayyad and several MPs, especially MP Ziyad Hawat. These discussions stayed within the political context. 
 
Some backed Fayyad and absolved him of the duty of bringing in the ships, those who blamed him directly from squandering of funds, and those who emphasized that the solution is primarily political.
 
In conclusion, Lebanon will continue to accrue delay fines unless the financing is finished. Caretaker Minister of Energy has a solution that is based on encouraging the Lebanese to resort to the streets to pressure for securing the funding, noting that when this occurs, he can negotiate with  Vitol company for a discount related to the value of the delay fines.
 

Breaking Headlines

Lebanon News

News Bulletin Reports

Lebanon

Electricity

LBCI Next
From South Lebanon to Bekaa: Israel’s plan to reconfigure border security
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
12:55

From Lebanon to Iran: Israel weighs coordinated military strikes

LBCI
News Bulletin Reports
12:50

Lebanese Cabinet works to finalize IMF-aligned financial gap law, focus on deposit security

LBCI
News Bulletin Reports
2025-12-21

Back home for the holidays: Lebanese families reunite

LBCI
News Bulletin Reports
2025-12-21

Regional tensions grow: Israel pushes 'Black Line' buffer zone in South Lebanon

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
News Bulletin Reports
12:55

From Lebanon to Iran: Israel weighs coordinated military strikes

LBCI
News Bulletin Reports
2025-10-03

Hezbollah transformed: The lasting impact of Israel’s October attack

LBCI
News Bulletin Reports
12:50

Lebanese Cabinet works to finalize IMF-aligned financial gap law, focus on deposit security

LBCI
Lebanon News
2025-11-17

Hezbollah's Qassem urges government, BDL governor to halt measures harming Hezbollah and Lebanese population

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
12:55

From Lebanon to Iran: Israel weighs coordinated military strikes

LBCI
Lebanon News
10:50

Information Minister after Cabinet session: PM Salam says financial gap bill is realistic, aims to protect depositors

LBCI
Lebanon News
06:37

Italy signals willingness to keep forces in South Lebanon after UNIFIL withdrawal

LBCI
Lebanon News
07:08

Israel strikes vehicle in Qnaitra in Sidon

LBCI
News Bulletin Reports
12:50

Lebanese Cabinet works to finalize IMF-aligned financial gap law, focus on deposit security

LBCI
Lebanon Economy
08:06

Sources to LBCI: Aoun hails financial gap law as cornerstone of economic reform

LBCI
Lebanon News
08:33

LBCI sources: Cabinet discussions continue as government supports financial gap bill

LBCI
Lebanon News
04:31

Banks Association lawyer Akram Azoury: Banking gap law has merits but faces major flaws

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