Lebanon will experience widespread and complete power outages if the Parliament fails to approve the needed funding for Electricite du Liban soon.
Lawmakers will have to approve a bill allowing the Finance Ministry to release funds ($1.8 billion) to EDL to buy the fuel necessary for Lebanon’s power plants.
LBCI channel quoted EDL sources as saying that electricity production has already been reduced from 1900 to 1300 megawatts, warning that electricity supply will be tapered off until completely stopped in no more than one week if no breakthrough is reached.
Al-Markazia news agency reported that officials are mulling the approval of an extra-budgetary spending of LBP400 billion (around $267 million) to meet EDL's fuel needs until mid-March.
Production units are being shut down gradually as EDL's fuel reserves are running out.