Lebanon: Energy Ministry to issue tenders for $1.2 billion electricity project
The project will boost power supply at the Zouk, Deir al-Ammar and Jiyeh plants
Click here to add Deir al-Ammar as an alert
Disable alert for Deir al-Ammar,
Click here to add Energy and Water Ministry as an alert
Disable alert for Energy and Water Ministry,
Click here to add Finance Ministry as an alert
Disable alert for Finance Ministry,
Click here to add National News Agency as an alert
Disable alert for National News Agency,
Click here to add Water Ministry as an alert
Disable alert for Water Ministry,
Click here to add World Bank as an alert
Disable alert for World Bank
The Energy and Water Ministry will issue tenders in May for a $1.2 billion project to produce 700 additional megawatts of electricity, the National News Agency reported over the weekend. According to a statement issued by the ministry, the project will boost power supply at the Zouk, Deir al-Ammar and Jiyeh plants. It said the World Bank had recently approved the tender, which was set in accordance with international standards and requirements.
The tender to boost supply at the Zouk and Jiyeh power plants will take place Monday, May 14, while the bid to produce electricity at Deir Ammar plant will take place Monday, May 28, at 9 a.m. The ministry said interested companies can obtain a conditions document for the project starting Monday from the ministry’s tenders department.
The Cabinet approved last September a $1.2 billion plan to generate 700 MW of electricity and agreed last Wednesday over a memorandum of understanding with Iran to assist with the electricity sector. Iran has offered to sell Lebanon electricity at reduced prices as well as build additional power plants to help the country meet rising electricity needs.
Lebanon has long suffered from severe power outages. While power consumption exceeds 2,400 MW, production is estimated at 1,500 MW. In the short to medium term, leasing electricity boats is one of several options Lebanon is considering to boost production. The power generating boats will produce 200 MW to 300 MW. State allocations to Electricite du Liban increased sharply in 2011 on higher oil prices last year.
The Finance Ministry has said that its transfers to EDL between January and November 2011 soared by LL750 billion ($500 million) to LL1,598 billion. The ministry attributed the increase to hikes in fuel and gasoil prices.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- Iran to issue power generation tender
- Lebanon Preparing for Nuclear Power Plant: Is the Electricity Crisis Over?
- Dubai's first solar park to be launched in less than two weeks!
- UWEC issues multi-million power transmission tender
- Iraqi ministry of water resources helps in increasing electricity production