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TunisiaThe European Bank for Reconstruction and Development finances US$ 20 million for a better and more stable supply of electricity in Lebanon
December 27, 2018
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Lebanese companies and enterprises will benefit from better and more stable supply of electricity thanks to a US$ 20 million financial package extended by the European Bank for Reconstruction and Development (EBRD) to BUTEC Utility Services S.A.L. (BUS), a private electricity distribution service provider operating in the north of the country and a member of BUTEC Group.
The funding will consist of a US$ 18 million loan by the EBRD and a US$ 2 million concessional tranche by the Global Environmental Facility (GEF) in support of BUS’s far-reaching service contract for the 2018-21 period with state-owned utility company Electricité du Liban.
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Countries covered:
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Lebanon
