Fayad: Cabinet’s approval of renewable energy draft law substantial step

Fayad: Cabinet’s approval of renewable energy draft law substantial step

NNA - Minister of Energy and Water, Dr. Walid Fayad, on Thursday said in a statement that despite the accumulated challenges within the energy sector, he has managed to obtain the cabinet’s approval of a renewable energy draft law, which has been referred to the House of Parliament for approval.

“The adoption of the aforementioned draft law constitutes an essential and important step in the development of renewable energy projects throughout Lebanese territories — by means of integrating private sector projects on the EDL network; it is a very important and central step that has been accomplished for the benefit of Lebanese citizens,” Fayad’s statement added. 

The Energy Minister explained that the aforementioned project would allow the installation of more than 800 megawatts capacity from decentralized projects that will feed all private facilities, such as homes, farms, and industrial facilities.

“The draft law also facilitates energy exchange between producers and consumers within the private sector, which will contribute to achieving Lebanon's goals in the field of renewable energy, and which I have sought and strive to achieve,” Fayad added. 

“The project constitutes a practical and executive pillar in the work of the Ministry of Energy and Water, not to mention its pivotal role in