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.



GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.