Lebanon power ratio energy storage

How does the Lebanese economy work?

The Lebanese economy has traditionally relied heavily on the service sector – focusing on banking, tourism, construction and real estate – and activities are mainly undertaken by private companies. Lebanon’s gross domestic product (GDP) was estimated at USD 53.6 billion (current USD) in 2017 (World Bank, 2019b).

Is NEEREA a good investment for the Lebanese economy?

NEEREA has witnessed rapid growth and broad acceptance among the public, despite the barriers and instability in the energy sector. NEEREA loans are becoming increasingly popular products in the Lebanese banking sector, with more than 938 projects worth more than USD 560 million financed as of March 2019 (see Figure 25).

When did the Lebanese electricity reform plan come out?

On 8 April 8, 2019, the then Lebanese government adopted the update to the electricity reform paper prepared by the MEW in collaboration with the World Bank. This plan relied on the 2010 action plan but introduced changes to some of the approaches adopted in previous versions.