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On 11 August 2021, the Lebanon central bank ended fuel subsidies, announcing that they would instead offer "credit lines for fuel imports based on the market price for the Lebanese pound". [40] The decision led to significant increases in fuel prices amid an economic crisis in the country, but the government was unable to alleviate shortages. [41]
2024 Lebanese blackout. The 2024 Lebanese blackout is an ongoing total nationwide power outage across Lebanon that began on 17 August 2024 due to the state electricity company of Lebanon, Électricité du Liban, running out of fuel reserves for its power plants. The blackout led to a widespread water shortages due to the inability of Lebanese ...
The primary energy use in 2009 in Lebanon was 77 TWh, 18 MWh per capita. [5][6] In 2019, the total solar PV capacity was 78 MW, [7] and it reached 1300 MW at the end of 2023. [8] In August 2024, the situation reached a critical point when fuel reserves were completely depleted, leading to a nationwide blackout. [9]
Lebanon is one of the only seven countries in the world in which the value of the stock market increased in 2008. [48] The Lebanese economy experienced continued resilience, growing 8.5 percent in 2008, 7 percent in 2009 and 8.8% in 2010. However, Lebanon's debt to GDP ratio remained one of the highest in the world.
The Office of Electricity of Lebanon (Électricité du Liban, EDL) was created in July 1964, and was granted a monopoly of the production, transport and distribution of electricity in Lebanon. Until the 1975-1990 Lebanese Civil War, the EDL provided normal distribution, and even distributed electricity to Syria.
Station Coordinates Capacity ()Fuel Year commissioned Operator Zouk: 607: Fuel oil: 1984–1987: Électricité du Liban: Zahrani: 435: Fuel oil: 1998–2001: Électricité du Liban
Lebanese pound. None official. The abbreviation LL or ل.ل. is used. The lira or pound[a] is the currency of Lebanon. It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued. The plural of lira is either lirat (ليرات līrāt) or ...
On 17 October 2020, protesters gathered in Beirut and across Lebanon to celebrate the revolution's first anniversary. Roads were blocked as well as many gatherings amid the COVID-19 pandemic. The protesters waved the Lebanese flags, as they gathered in the epicenter of last year's rallies, Martyrs' Square. [513]