VOL. XLVII

No 20

17-May-2004

LEBANON

Irans Tamirat Withdraws From Contract To Operate Lebanese Power Plants

The Iranian power company Tamirat Niroo Tehran has withdrawn from a $20.8mn two-year contract it signed in March with Lebanons state-owned Electricite du Liban (EDL) for the operation and maintenance of two Lebanese power plants at Baddawi (Deir 'Ammar) and Zahrani. Tamirat withdrew a few days before the contract was due to start on15 May (MEES,29 March). The Iranian company said in its...