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The Independent UK
The Independent UK
National
Kareem Chehayeb

Lebanon to take out $116m in loans for ailing electric grid

Copyright 2023 The Associated Press. All rights reserved

Lebanon's caretaker government Wednesday approved opening credit lines totaling $116 million to help fix its crippled state electricity grid.

The cash-strapped country for over two years has struggled with rampant power cuts that have crippled much of public life, worsening a broader economic crisis that has pulled over three-quarters of the country's population into poverty. Today, households only receive about an hour of state electricity per day, with millions now relying on expensive private generator suppliers to power their homes.

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