News
Latest News
news bulletin
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Other News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Beirut
22
o
Mount Lebanon
21
o
Metn
20
o
Keserwan
20
o
North
21
o
South
20
o
Bekaa
16
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Alakat Khassa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
22
o
Mount Lebanon
21
o
Metn
20
o
Keserwan
20
o
North
21
o
South
20
o
Bekaa
16
o
News
Programs
The News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Programs
Series
Talk Show
News Bulletin
Variety
Comedy
Other
Sports
Documentaries
The Untold History
New Year Shows
Lebanon’s Centennial
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
EDL needs dollars to cover expenses, BDL has yet to clarify exchange rate
News Bulletin Reports
2023-03-13 | 10:27
High views
Share
Share
2
min
EDL needs dollars to cover expenses, BDL has yet to clarify exchange rate
The Electricity Company of Lebanon (EDL) is urging the Central Bank to inform them of the exchange rate for the US dollar, as they need it to purchase fuel for power plants, conduct maintenance, and provide health insurance for their employees. The only expenses remaining in Lebanese pounds are pensions and salaries.
Sources familiar with the matter said that if the exchange rate of the US dollar increases, it will pose significant risks to EDL's emergency plan, which has been successful so far in increasing power supply, albeit limited, and collecting fees while removing encroachments.
The sources explained that the difference between the Sayrafa exchange rate plus 20% used to calculate the bill, 52,320 Lebanese pounds, and the new Sayrafa exchange rate, 73,100 Lebanese pounds, is around 20,000 Lebanese pounds. Therefore, according to what exchange rate will the Central Bank sell the dollar to EDL, and what is the potential loss?
The sources pointed out that the law prohibits EDL from pricing its services in dollars, so the Central Bank is required to inform them quickly of the exchange rate at which they will sell the dollar to EDL.
It has been suggested within the company that if the Central Bank delays its response, measures may need to be taken to ensure the emergency plan's continuity.
The sources rejected blaming EDL for the negative consequences of the exchange rate fluctuations. They confirmed that the new fees began in February according to the required timing.
The sources reiterated the necessity for the Central Bank to maintain the electricity dollar exchange rate for two months to avoid losses.
Lebanon is facing an economic crisis, and EDL has struggled to provide uninterrupted power to its customers due to a fuel shortage and a lack of maintenance.
Lebanon News
News Bulletin Reports
EDL
BDL
Dollar
Clarify
Exchange Rate
Central Bank
Sayrafa
Next
French Judge Aude Buresi arrives in Beirut for investigation into Governor Salameh
Increase in violations in Lebanon's Shouf Cedar Reserve sparks conservation efforts
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2023-05-15
Finding common ground: EDL's proposal for dollar-based pricing amidst dispute with BDL
Lebanon Economy
2023-05-15
Finding common ground: EDL's proposal for dollar-based pricing amidst dispute with BDL
0
Lebanon News
2023-03-21
BDL launches open operation to buy LBP banknotes, sell US Dollars on Sayrafa Platform at a rate of 90,000
Lebanon News
2023-03-21
BDL launches open operation to buy LBP banknotes, sell US Dollars on Sayrafa Platform at a rate of 90,000
0
Lebanon Economy
2023-03-08
EDL raises alarm over exchange rate discrimination to BDL
Lebanon Economy
2023-03-08
EDL raises alarm over exchange rate discrimination to BDL
0
News Bulletin Reports
2023-03-04
EDL clarifies Dollar exchange rate for November, December bills
News Bulletin Reports
2023-03-04
EDL clarifies Dollar exchange rate for November, December bills
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:18
More details about the abduction of Saudi citizen in Lebanon
News Bulletin Reports
12:18
More details about the abduction of Saudi citizen in Lebanon
0
World
10:37
Ping-Pong Diplomacy: US and Iran continue back-channel communications amid stalled nuclear negotiations
World
10:37
Ping-Pong Diplomacy: US and Iran continue back-channel communications amid stalled nuclear negotiations
0
News Bulletin Reports
10:30
Saudi Arabia in negotiations to join the BRICS New Development Bank, strengthening ties with emerging economies
News Bulletin Reports
10:30
Saudi Arabia in negotiations to join the BRICS New Development Bank, strengthening ties with emerging economies
0
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Press Highlights
2023-05-26
Lebanon's presidential race intensifies: Paris backs Frangieh, urges his opponents for a candidate
Press Highlights
2023-05-26
Lebanon's presidential race intensifies: Paris backs Frangieh, urges his opponents for a candidate
0
World
2023-03-28
Dollar falls again as banking sector fears ease, yen climbs
World
2023-03-28
Dollar falls again as banking sector fears ease, yen climbs
0
Middle East
2023-04-02
Saudi, Iranian FMs discuss next steps in phone call
Middle East
2023-04-02
Saudi, Iranian FMs discuss next steps in phone call
0
Variety
2023-05-27
Twitter cannot hide from EU rules after exit from code, EU's Breton says
Variety
2023-05-27
Twitter cannot hide from EU rules after exit from code, EU's Breton says
Videos
d-none hideMe
0
Middle East
02:53
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
Middle East
02:53
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
0
Lebanon News
2023-05-28
New Lebanese Embassy Building in Canada: A Triumph of Determination and Belonging
Lebanon News
2023-05-28
New Lebanese Embassy Building in Canada: A Triumph of Determination and Belonging
0
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
0
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
0
Lebanon News
2023-01-25
Beirut blast investigations: The latest
Lebanon News
2023-01-25
Beirut blast investigations: The latest
0
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
0
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
0
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
0
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
Most read
d-none hideMe
24 hours
7 days
Month
1
Middle East
02:53
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
Middle East
02:53
Lebanese Army successfully frees kidnapped Saudi citizen and arrests kidnappers: Commander Joseph Aoun
2
Lebanon News
06:41
Saudi Ambassador thanks Lebanese security forces following successful rescue of kidnapped Saudi national
Lebanon News
06:41
Saudi Ambassador thanks Lebanese security forces following successful rescue of kidnapped Saudi national
3
News Bulletin Reports
08:04
Erdogan's New Term: Navigating Stability in Turkish-Arab Relations and Tensions with Europe
News Bulletin Reports
08:04
Erdogan's New Term: Navigating Stability in Turkish-Arab Relations and Tensions with Europe
4
News Bulletin Reports
08:06
Erdogan Re-elected for Third Term: A Detailed Analysis
News Bulletin Reports
08:06
Erdogan Re-elected for Third Term: A Detailed Analysis
5
Press Highlights
03:32
Rai’s list to Paris: Five names without Frangieh
Press Highlights
03:32
Rai’s list to Paris: Five names without Frangieh
6
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
Variety
10:22
Is Rafic Hariri International Airport ready to welcome 1.5 million visitors?
7
Lebanon News
03:12
Lebanese leaders condemn kidnapping of Saudi national, praise LAF for rescue efforts
Lebanon News
03:12
Lebanese leaders condemn kidnapping of Saudi national, praise LAF for rescue efforts
8
Press Highlights
01:55
Berri to Asharq al-Awsat: No election session soon
Press Highlights
01:55
Berri to Asharq al-Awsat: No election session soon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More