Middle East Economic Survey
Lebanon Pushes Reform Plan For Its Troubled Power Sector
The Lebanese power sector has been in a long state of crisis due to high costs and inadequate generation capacity and is now at a critical stage. Technical and non-technical losses, associated with a poor system of bill collection, led in 2009 to total losses of more than $300mn (about 40% of potential earnings), according to government figures. This has resulted in a massive drain on...