Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Preliminary work on Lebanon's long-awaited Deir Ammar Power Plant (DAPP2) project will begin this week, officials said, after an 18-month delay, skepticism and rumors that it would never see light.A source working closely on the project told The Daily Star that Bank Audi, which is tasked with the financing process and attempting to join forces with other potential lenders, is currently applying "a soft approach" toward other banks.The project was awarded in 2013 to the Greek-Cypriot company JP Avax after it won a legal tender. Wahhab mocked that the power plant may not see the light of day as no works had been done over the past year and a half and the project lacked adequate funds.A communique issued by the Energy Minister Nada Boustani on March 19 concerning DAPP2 specifically noted that the project and the agreement, which saw JP Avax bring on board partners to help finance the project, does not breach any laws, and that it was initially halted due to a disagreement over the implementation of the value-added tax.
Private sector to play power role: expert
Power plant tenders next month: Boustani
Rizk invites suggestions to revise Hariri tribunal
FOLLOW THIS ARTICLE