BEIRUT: Lebanon Tuesday signed a $37 million contract with Matelec, a company specializing in power units and generators, to rehabilitate 11 electricity plants.
The contract was signed between caretaker Energy and Water Minister Gebran Bassil and head of Matelec Sami Sagher.
The contract was part of Bassil’s 700 MW energy project which he started three years ago.
Bassil, who is struggling to keep his post in the new Cabinet, signed several contracts in 2013 to build small- and medium-size power plants in the north and the south.
He said Lebanon would gradually see an improvement in electricity supplies in the coming months.
“By the end of this summer, Lebanon will receive 20 hours of electricity a day and if everything goes according to plan the country will have 24 hours of electricity in 2016,” he added.
The initial project was to have 700 MW, “but now we have exceeded the 700 MW and have 810 MW,” he said, adding that he had saved $100 million while boosting the original plan by 100 MW.
He expects the Deir Ammar plant to be completed by the end of 2015 and to have full electricity at the beginning of 2016.