Lebanon could go dark as cash for electricity runs out
The financial crisis has exacerbated the heavily-indebted nation’s problems, as the government struggles to find enough foreign exchange to pay for fuel and other basic imports.
Friday 07/05/2021
A file picture shows an anti-government protester holding up a placard in front the Lebanese electricity company headquarters in Beirut, Lebanon. (AP)
BEIRUT – Lebanon’s lights may go off this month because cash for electricity generation is running out, a lawmaker said on Thursday, as the country grapples with a deep economic crisis.
Lebanon’s parliament had approved a $200 million emergency loan to finance fuel imports for power generation in March, but a committee reviewing the loan has yet to approve it.