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EDL’s upcoming price hike: What you need to know

Fouad GEMAYEL and Philippe HAGE BOUTROS-It has been about two years since most people in Lebanon have been forced to rely almost entirely on private generators, whose owners set very high prices.
The reasons for this problem, inseparable from Lebanon’s image abroad, are well known: namely, state-owned provider Électricité du Liban (EDL) does not make enough money and is incurring major losses.EDL was operating poorly even before the 2019 crisis, but the company now does not have money to pay for fuel, pay service providers, maintain its facilities, adjust its employees’ salaries due to the lira depreciation, or invest in new power plants. The treasury advances that previously allowed it to operate stopped almost a year ago.
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