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.
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.
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A Palestinian family prepare traditional pastries to be sold in preparation for the upcoming Eid al-Fitr holiday which marks the end of Ramadan, in the village of Susya in the southern area of Hebron, on May 7, 2021. (Photo by HAZEM BADER / AFP)
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Israeli police use a water cannon to disperse Palestinian protesters from the area near the Damascus Gate to the Old City of Jerusalem after clashes at the Al-Aqsa Mosque compound, Friday, May 7, 2021. (AP Photo/Mahmoud Illean)
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A member of UNIFIL monitors from a hill by the border facing the Israeli northern town of Metula, during a ceremony by members and supporters of Hezbollah and Palestinian refugees to mark al-Quds (Jerusalem) day, on May 7, 2021. (Photo by Ali DIA / AFP)
UPDATE 1-Lebanon s lights may go off as cash for electricity runs out Reuters 5/6/2021
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BEIRUT, May 6 (Reuters) - 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. We should not forget that starting May 15, gradual darkness will start, said Nazih Negm, a member of parliament, according to a government statement released after he met the caretaker finance and energy ministers.
Lebanon s lights may go off as cash for electricity runs out reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.