Lebanon raises electricity cost for first time since 1990s ...Kuwait

Lebanon's state power company Electricite du Liban (EDL) raised the price it charges for electricity for first time since the 1990s on Tuesday, an EDL spokesperson said, in a move officials say will pave the way for an eventual increase in power supply. Lebanon has not had round-the-clock power since the 1990s and cash transfers to EDL to cover chronic losses have contributed tens of billions of dollars to the country's huge public debt. Electricity-sector reform is a key demand of donor nations who have pledged to help Lebanon exit a financial crisis if it undertakes reforms. Government officials have said that increasing the price of power would allow the state to a

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Lebanon raises electricity cost for first time since 1990s ...Kuwait

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