Beirut:The Finance and Budget Committee, led by MP Ibrahim Kanaan, has endorsed a $100 million supplementary appropriation intended to address part of the electricity debts owed by public administrations to Electricité du Liban (EDL). This initiative aims to alleviate the impact of power outages on citizens.
According to National news agency - Lebanon, Kanaan indicated that the committee also decided to conduct an audit of the total outstanding amounts public institutions owe to EDL. This measure is part of a strategy to develop an integrated solution for the electricity sector, thus preventing the recurring crisis every two years.
Kanaan emphasized the necessity of addressing the electricity crisis urgently to alleviate the ongoing power cuts experienced by citizens. He noted that while the $100 million fund has been approved by the committee, it still requires the consent of the parliament in the legislative session scheduled for Thursday.
In addition, Kanaan announced the committee's approval of a separate $10 million allocation for loan guarantees, which will assist citizens in acquiring solar energy systems.