VOL. XLV

No 27

8-July-2002

LEBANON

Lebanese Parliament ReviewsProposed Draft Electricity Law

Lebanese parliamentary committees are reviewing a proposeddraft electricity law to modernize the countrys struggling electricity sectorwith a view to future privatization of the state-owned power generation companyElectricité du Liban (EDL). Restructuring EDL, which has accumulated debtof $2.33bn and makes an annual loss of $400mn, is one of the biggest challengesfacing the government of Prime Minister...