The solar panel project over Nahr Beirut, Wednesday, Sept. 17, 2014. (The Daily Star/Mohammad Azakir)
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The Energy and Water Ministry will finish constructing a 1 Megawatt solar power plant on Beirut River in early 2015, Energy and Water Minister Arthur Nazarian said Wednesday, though he acknowledged that it would supply only a tiny portion of the country's power needs.Nazarian said the forum would also see the launch of another initiative to construct a 3 MW solar power plant in two phases.The minister said the projects were being funded through NEEREA, a national financing mechanism initiated by the Central Bank, in collaboration with the Finance and the Energy and Water ministries, the UNDP, the EU and the Lebanese Center for Energy Conservation.Nazarian has also called upon companies willing to produce electricity through solar power to build solar plants with a generating capacity of 10 MW to 50 MW according to law 288 issued in April 2014 .Angelina Eichhorst, head of the EU Delegation to Lebanon, said that the European Union had offered grants worth 5.3 million euros ($6.8 million) to over 80 Lebanese small and medium enterprises in order to initiate energy saving action.
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