VOL. XLVI

No 35

01-September-2003

LEBANON

Lebanon Postpones EDL Privatization

Lebanon Energy and Water Minister Ayub Hamayyid said on 20 August that the privatization of Electricité du Liban (EDL) will be postponed until the loss-making state power company has been restructured. Former Energy and Water Minister Muhammad Baydun said the government planned to sell 40% of EDL by the end of June (MEES, 24 March) as part of the second stage of EDLs rescue plan approved by the Council of Ministers in...