Lebanon's draft 2022 budget includes an advance to the state-owned electricity company up to a maximum of 5.25 trillion Liras, according to Reuters.
The advance that EDL will use to pay off the deficit in the purchase of fuel, interest and loan installments.
Meantime, the Arab country can now only provide electricity for a few hours a day at best estimates.
Lebanon is drowning in a financial crisis that has left the country struggling to find enough foreign exchange to pay for fuel for electricity generation.
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