Utility Scale Solar summit 2017
 
Tuesday, July 25, 2017
Directory Directory Subscribe
Login
 

Three wind farms in Lebanon’s Akkar region get licensed

 
 

Please, enter data

Please, enter data

businessnews.com.lb, 17 July 2017

The Council of Ministers approved three permits for private companies to operate wind turbines for electricity.

The permits will be operated by Hawa Akkar, Sustainable Akkar, and Lebanon Wind Power. They will be used for the production of 200 megawatts (MW) of wind power, according to Pierre Khoury, Chairman of the Lebanese Center for Energy Conservation (LCEC).

All three wind farms will be located in Akkar.

A Power Purchase Agreement (PPA) will be signed with the three companies within three months.

“The Ministry of Energy and Water was commissioned by the Council of Ministers to renegotiate prices agreed upon with the companies,” he said.

The three companies have agreed to sell Electricité du Liban power for 11.3 cents per kilowatt hour.

“We will see if the prices can be lowered further. Prices remain feasible between 10.1 and 11.3 cents,” he said.

Khoury said: “This is the first time since private power sale was sanctioned in 2002 by Law 462 and updated in 2010 by Law 288, for the private sector to sell power to the state.”

The ministry has three weeks to renegotiate prices. Upon signing the PPA, the three companies will have 18 months to complete the Environmental Impact Assessment and other safety checks. After this, they will have 18 months to complete the building of the wind farms.

The wind tender was launched in 2013. It is part of a 2010 national strategy for the production of energy through multiple sources.
businessnews.com.lb
17 July
 

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Egypt on the road to macroeconomic stability
Euromonitor International, 25 July 2017

Euromonitor International’s Egypt Economy, Finance and Trade Country Briefing focuses on one of the Arab world’s largest and most populous economies ...

Read full story
Egypt on the road to macroeconomic stability
Airport redevelopment part of Bahrain’s wider infrastructure push
Oxford Business Group, 25 July 2017

Bahrain’s Ministry of Transportation and Telecommunications in June selected French technology company Thales and ...

Read full story
Airport redevelopment part of Bahrain’s wider infrastructure push
Chinese equipment manufacturers expand in the Middle East
ME Construction News, 25 July 2017

After weathering the recent dip in the Middle East’s construction and equipment sector, Chinese manufacturers have settled on a ...

Read full story
Chinese equipment manufacturers expand in the Middle East
Ryanair makes 'non-binding' offer for Alitalia
AFP/The Local, 25 July 2017

Ryanair has made a "non-binding offer" for its Italian rival Alitalia, the Irish no-frills carrier said.

"We have made a ...

Read full story
Ryanair makes 'non-binding' offer for Alitalia
Back to Home Page 1709 --- 0 <><><> 452.83333333333.....exvideo=0....eximage=0
P 0
BR 21

Utility Scale Solar summit 2017

 
Electric Vehicles UAE
26 - September 2017
3rd Annual Smart Parking UAE
27 - September 2017
2nd Annual Future Drainage & Stormwater Networks Dubai
2 - October 2017
Future Play and Playspaces KSA
2 - October 2017
2nd Annual Future Accessibility & Assistive Technology Dubai
8 - October 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Smart Parking UAE 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Project Lebanon - 26 June - 29 June 2018  
  Energy Lebanon - 26 June - 29 June 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Erbil
Project Iraq Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved