Report: Negotiations Kicked Off with Power Vessels Companies
The ministerial committee tasked with following up the leasing of power-generating vessels kicked off negotiations with the two companies, a Turkish and an American, which won the tenders, An Nahar newspaper reported on Friday.
The daily said that Prime Minister Najib Miqati headed the primary negotiations with the two companies’ representatives, although the committee members are set to resume their meetings on Monday.
Sources in the committee said that the negotiations led to dropping the price to around $470 million.
According to the daily, negotiations are ongoing to improve the conditions of the contracts concerning reducing the leasing period to two years renewable for one year and decreasing the amount of power provided by the vessels to 270 megawatts.
The cabinet agreed Wednesday to lease the power-generating vessels for a maximum of three years to produce 270 megawatts and to construct power plants of 1,500-megawatt capacity.
An Nahar said that the cabinet also approved reactivating Electricite du Liban board of directors.
Lebanon has long suffered from electricity outages because of shortages at its power plants whose maximum capacity is less than 1,500 megawatts but the country’s actual need exceeds 2,300 megawatts.
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