President Joseph Aoun met with Energy Minister Joe Saddi to discuss a Cypriot offer to install a submarine cable that would deliver electricity straight from Cyprus to Lebanon
The plan comes as the Lebanese Energy Ministry continues efforts to secure more stable power across the country.
The project, if approved, could mark a major step toward addressing Lebanon’s chronic power shortages and reducing its dependency on local fuel-based electricity generation.
Electricity in Cyprus costs about the same; however, this would mean Lebanon getting a cleaner and more reliable supply. This supply source will weaken the local generator “mafias” that have monopolized the secondary electricity market, providing an incentive for those in power to avoid finding a solution.
More importantly, it reduces the load on the local generators, effectively outsourcing our population.
