Salam heads the HCP meeting on Wednesday,June 4, 2014. (The Daily Star/Dalati&Nohra,HO)
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The Higher Council for Privatization Wednesday revived plans to create state-owned operator "Liban Telecom" and discussed plans to privatize Lebanon's ailing electricity sector.During a meeting at the Grand Serail headed by Prime Minister Tammam Salam, HCP reactivated Law 431 of 2002, which stipulates the establishment of Liban Telecom, through merging the operations of Ogero (a Government-owned contractor) and two directorates of the Ministry of Telecommunications. In addition to Salam, Harb and HCP head Ziad Hayek, the meeting was attended by Energy and Water Resources Minister Arthur Nazarian, Finance Minister Ali Hasan Khalil, Justice Minister Ashraf Rifi, Economy Minister Alain Hakim, Council for Development and Reconstruction head Nabil al-Jisr and Electricite du Liban Director General Kamal al-Hayek.HCP's next meeting will thoroughly examine the privatization of Lebanon's weakened electricity sector.
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