Lebanon energy storage peak regulation subsidy

How many NEEAP initiatives are there in Lebanon?

The first NEEAP for Lebanon introduced fourteen initiatives in 2010 related to renewable energy and energy eficiency, combined. The most successful was initiative 11, which introduced the National Energy Eficiency and Renewable Energy Action (NEEREA) dedicated to distributed solar applications.

Can Lebanese transmission and distribution grid be renewable?

In addition, IRENA’s 2017 study, Planning for the renewable future, suggests conducting specialised system studies on the renewable carrying capacity of the Lebanese transmission and distribution grid in diferent geographical zones, as well as a long-term generation adequacy studies.

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.

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).

Why do power plants in Lebanon cost more than natural gas?

High operation costs: Power plants in Lebanon rely mainly on heavy fuel oil and diesel oil, thus increasing their generation cost in comparison to natural gas.

How will EDL help the Lebanese economy?

This increase in generation capacity will allow EDL to close the gap between electricity supply and demand, thereby reducing dependency on private generators by 2020, reducing the electricity bill for consumers and supporting the Lebanese economy by providing a reliable, low-cost electricity supply.