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Feb 2, 2021
The electricity sector is one of the heaviest burdens weighing on citizens, the treasury, and hard currency reserves. It is suffering massive losses for a wide variety of reasons including pricing at half the cost of generation, technical losses, unpaid bills, corruption, theft of materials and equipment, illegal connections to the electricity lines (theft), inefficiencies, delays in billing, and more. The official electricity sector consumes $1.7 billion in fuel and gas imports, representing eight percent of total imports. Electricité du Liban (EDL) produces electricity at an average cost of ¢20/Kwh and sells it at ¢2.3-¢13/kwh, averaging around ¢9/Kwh. The financial losses incurred from electricity stem from three areas: 1. Fuel: Above market purchase prices and theft from storage tanks 2. Technical: Inefficient generation and transmission losses 3. Collection: Many people (illegally) consume electricity at no charge
Download Brochure and go to page 64 to read about the "Power Sector".