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Lebanon signs loan with World Bank for electricity sector reforms

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Lebanon has secured a USD250 million loan agreement with the World Bank to address long-standing issues and modernise the country’s energy infrastructure. The loan will help establish a national control centre, improve accounting and billing systems at the state-run Electricity of Lebanon, and develop scalable solar energy farms. The first phase of solar projects is expected to generate 150 MW, saving Lebanon around USD40 million annually in fuel costs. This agreement marks the first loan…

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World Bank approves USD 250 million for renewable energy in Lebanon

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The World Bank’s Board of Executive Directors has approved a USD 250 million project to expand renewable energy sources (RES) in Lebanon and support ongoing electricity grid reforms. The initiative will strengthen Lebanon’s state-owned Electricité du Liban (EDL) operational and commercial systems, increase grid-connected RES supply, and reinforce the national power network.  Key components include developing a grid-connected solar photovoltaic (PV) plant, rehabilitating the Litani River Authority (LRA) hydropower plant, and upgrading the EDL transmission…