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Lebanon receives $85m Kuwaiti loan to rehabilitate power plants
- Lebanon: Wednesday, February 06 - 2013 at 05:42
Lebanon has received an $85m loan from Kuwait to finance the upgrading and rehabilitation of two power plants, as part of efforts to overhaul the ailing electricity sector, The Daily Star has reported. The loan will partially finance the project to boost production in Zouk and Jiyyeh plants by 272 MW. "This is part of general plan to boost production by 1,500 MW, and if this happens then Lebanon will enjoy 24 hours of electricity every day," said the Lebanese energy and water minister, Gebran Bassil.
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