Governance plan to reform Electricité du Liban

The article discusses the governance plan approved by the Board of Directors of the Electricité du Liban (EDL), which represents a crucial step in reforming the sector administratively, rather than directly increasing power supply hours or reducing bills. The plan aims to enhance transparency, accountability, oversight, and performance, thereby contributing to restructuring and reducing financial and administrative waste within the institution. It includes updating the legal framework, establishing an independent regulatory authority, and developing oversight and accountability systems, with a focus on implementing international standards for transparency and attracting foreign investment. This step is considered one of the essential conditions set by international financial institutions as a prerequisite for reforming the electricity sector and restoring investor confidence. Although it does not guarantee immediate improvements in power supply hours, it lays the groundwork for establishing an effective and sustainable management of the sector.

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