Lebanon Issues 11 Licenses for Small-scale Solar Power Projects

Solar panels are seen at the Desert Stateline project near Nipton, California, US August 16, 2021. REUTERS/Bridget Bennett
Solar panels are seen at the Desert Stateline project near Nipton, California, US August 16, 2021. REUTERS/Bridget Bennett
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Lebanon Issues 11 Licenses for Small-scale Solar Power Projects

Solar panels are seen at the Desert Stateline project near Nipton, California, US August 16, 2021. REUTERS/Bridget Bennett
Solar panels are seen at the Desert Stateline project near Nipton, California, US August 16, 2021. REUTERS/Bridget Bennett

The Lebanese government has issued licenses to 11 companies to construct solar power plants capable of producing 15 megawatts each, energy minister Walid Fayyad said on Thursday at a news briefing.

The companies, which include both local and international firms, would have a year to secure funding, the minister said.

The stations would only partly contribute to Lebanon's energy demands, which exceed 3,000 MW, Reuters reported.

Fayyad said their construction would be a "good sign" to an international community that has been asking Lebanon to reform its energy sector. The sector has widened the country's public debt by tens of billions of dollars.

Lebanon suffers chronic power outages and the economic crisis left Lebanon's government unable to operate its power plants or subsidize fuel imports for private operators.

Solar production would cost between 3.6 and 5.7 cents per kilowatt hour, Fayyad said, compared to the 10 to 15 cent cost of production via fuel.

The minister said he would travel to Syria on Sunday to iron out a deal to import Egyptian gas and Jordanian electricity via Syria, in a project backed by the US and with World Bank financing.



Riyadh to Host 3rd Edition of Saudi Tourism Forum Under the Slogan ‘To Discover’

A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
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Riyadh to Host 3rd Edition of Saudi Tourism Forum Under the Slogan ‘To Discover’

A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)

Riyadh is set to host the third edition of the Saudi Tourism Forum from January 7 to 9 at Roshn Front.

Organized in partnership with the Ministry of Tourism, the Saudi Tourism Authority, and the Tourism Development Fund, the event will run under the theme "To Discover."

This year’s forum serves as a dynamic platform to highlight new and unique tourist destinations across the Kingdom, offering visitors innovative experiences while showcasing Saudi Arabia’s diverse tourism potential. With over 100 exhibitors, the forum provides an expansive space to explore the latest developments in the tourism sector, spotlight major investment projects, and foster skill development and partnerships to drive tourism growth.

Chief Executive Officer of 4M Event and Chairman of the Forum’s Organizing Committee Eng. Hamza Nasser emphasized the forum’s role in advancing collaboration within the tourism sector. "Through the forum, we aim to promote the beauty of Saudi tourist destinations, enhance cooperation among stakeholders, and raise awareness about investment and development opportunities. This aligns with the goals of the Kingdom’s Vision 2030,” he said.
Since its inception, the Saudi Tourism Forum has significantly advanced efforts to promote the Kingdom's rich cultural heritage and distinctive tourist sites. Supported by prominent partners and sponsors, the event underscores a shared commitment to developing this vital sector.
The program will feature a variety of seminars and workshops, offering insights into the latest trends and developments in tourism. Attendees will have the opportunity to engage with keynote speakers, decision-makers, and industry professionals, enhancing their skills and knowledge.
The forum is expected to attract a diverse audience, including business leaders, investors, officials, and dignitaries, creating fertile ground for collaboration and partnerships.