Kuwait granted Lebanon an $85 million loan Monday to finance the upgrading and rehabilitation of the Zouk and Jiyyeh power plants as part of efforts to overhaul the ailing electricity sector. The 25 year-long loan will partially finance the project to boost production in Zouk and Jiyyeh plants by 272 MW. [Link]
Electricity ships should be arriving this week to Lebanon but we’ve been expecting them for months, so we will just have to wait and see. Electricity has been terrible lately and the generators are cutting us off now.