The Echo on Electricity Sector Reforms

The article focused on Energy Minister Joe Assad's efforts to restructure Lebanon's electricity sector, which suffers from ongoing crises including up to 40% energy wastage, frequent outages, and a heavy financial burden on the treasury—amounting to approximately $30 billion since 2009. Assad has adopted a comprehensive strategy that involves reducing financial losses by halting the policy of loans and accumulating debt, and enhancing the role of the private sector through the formation of the Electricity Regulatory Authority, with the aim of making the sector more transparent and attractive to investment. He is also working to activate the Arab Gas project by operating power plants using natural gas, which is expected to cut around 35% of current operating costs, increase production capacity, and reduce environmental impact. Additionally, there are plans to add the Deir Ammar 1 plant and future projects for other power plants. This approach is considered foundational, aiming to stop financial bleeding, achieve sustainability, improve the quality of electricity supply, attract investments, and generate positive results in the near future.

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