Sunday, April 26, 2026

Karpowership shuts down electricity supply

Date:

Share post:


Reuters An electricity-generating ship off Lebanon, 2017Reuters

The Turkish company provides energy to Lebanon from barges

An energy company responsible for about one quarter of Lebanon’s electricity supply has turned off its generators.

Karpowership, a Turkish company, says it is owed more than $100m (£71m) by Lebanon and has not been paid in 18 months.

It also faces corruption charges, which it denies, and an ongoing legal fight.

Lebanon is in a major economic and political crisis, and already suffers regular power cuts, with many people relying on private generators.

Hassan Diab is currently serving as caretaker PM. He stepped down after the blast in August but PM-elect Saad Hariri has so far struggled…



Source link

spot_img

Related articles

SOUEAST Makes Debut at Auto China 2026, Co-building the Global “Travel+” Ecosystem

BEIJING — (ARAB NEWSWIRE) — At the 2026 Beijing International Automotive Exhibition (Auto China 2026), JETOUR International...

EU considers helping with Middle East energy infrastructure to bypass conflict zones

A painful fuel crunch and soaring oil and gas prices triggered by the Iran war have nudged...

Medical Gloves Market to Reach USD 25.36 Billion by 2031 Driven by Infection Control and Rising Surgical Demand

Explore the Medical gloves market (2026–2031) with Mordor Intelligence. Get in-depth insights on market size, share, revenue, segments, key drivers,...

Disposable Incontinence Products Market to Reach USD 22.01 Billion by 2031 Driven by Aging Population and Home-Care Demand

Explore the Disposable incontinence products market (2026–2031) with Mordor Intelligence. Get in-depth insights on market size, share, revenue, segments, key drivers,...