Wind farms have the potential to help Lebanon alleviate its chronic electricity shortages.
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The first ever $1 billion structured investment vehicle to channel investments in Lebanon's energy and infrastructure projects is expected to be unveiled by FFA Private Bank. FFA, which is one of the leading investment companies, is upbeat about the prospects of success of the initiative, especially since Lebanon is in dire need of major infrastructure projects, most notably in the field of renewable energy.Riachi stressed that FFA realized Lebanon's needs for infrastructure and for this purpose the structured investment vehicle was launched.Iyad Boustany, managing director and head of corporate and investment banking at FFA, said FFA's job is to provide the structure or the sponsor.Riachi said investors look at risks before getting involved in any project.Riachi emphasized that Lebanon needs to assure the investor that his investment is safeguarded.FFA is eyeing various infrastructure projects with special attention to renewable energy.
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