Turning the Lights on in Lebanon
Date(s) - 06/24/2019
6:00 pm - 8:00 pm
The Cornell Club New York
NEW YORK CITY, NY
Lebanon is on the brink of a government default on sovereign debt, a crisis perpetuated by the country’s national budget crisis. Electricity is responsible of around 45% of the Lebanon’s deficit and debt and the government of Lebanon continues to pump money in the failed national electricity company.
But today Atlas Network partner Lebanese Institute for Market Studies (LIMS) is celebrating a big win that will have an effect on millions of Lebanese citizens. On April 8, 2019 the Lebanese government amended their laws in order to allow private companies into electricity production. The government is now resolved to rely on private independent power producers for all future generation projects and this amendment provides the legal framework.
Three years ago, when LIMS suggested allowing private generation of electricity, it was not an idea that was taken seriously. Today, private production of electricity became a reality thanks to LIMS’s well-structured advocacy campaign.
Join Atlas Network for a reception on Monday, June 24 featuring Patrick Mardini, President of the Lebanese Institute for Market Studies. This event is part of our Global Policy Perspectives event series. The dress is business casual; drinks and hors d’oeuvres will be served.