Lebanon energy storage enterprise expansion

How is the Lebanese government achieving progress on energy & infrastructure projects?

The Lebanese Government has learned from the past and is using measures with lower institutional requirements to achieve progress on energy and infrastructure projects. The Lebanese economy has a deficit of US$6 billion 2 and GDP growth of approximately 1 per cent. The impact of the electricity sector on this is significant.

Is Lebanon financing a wind power project?

Lebanon is currently in the process of financing its first series of independent power projects. PPAs for 220MW of wind power projects across three sites in the northern Akkar region of Lebanon were signed in February 2018.

How does the electricity sector affect the Lebanese economy?

The Lebanese economy has a deficit of US$6 billion 2 and GDP growth of approximately 1 per cent. The impact of the electricity sector on this is significant. Whilst public debt is currently 150 per cent of GDP, one third of this is attributable to EdL.

Is Lebanese recommence gas supplies after Syrian crisis?

Gas flows have temporarily ceased due to the Syrian crisis, but the Lebanese Government is understood to be in discussions with Egypt to recommence gas supplies. A consortium of TOTAL, Eni and Novatek was awarded exploration rights over Lebanon’s offshore blocks 4 and 9 in 2017 and are in the process of drilling.

Is Lebanese drilling a new offshore block?

A consortium of TOTAL, Eni and Novatek was awarded exploration rights over Lebanon’s offshore blocks 4 and 9 in 2017 and are in the process of drilling. The Lebanese Petroleum Administration is currently in the process of a second licensing round covering five blocks.