Caretaker Minister of Energy Walid Fayad affirmed on Wednesday that “the structural situation of the energy sector has clearly improved.”

In an interview with LBCI TV channel, he asserted that “the sector could now move in the right direction.”

“In terms of tariffs, subsidies have been removed, and the foundations have been laid for financial stability at Électricité du Liban (EDL),” he added.

Fayad explained that EDL supplies power for around $50 million a month, and that the institution’s financial budget is stable. However, he stressed that EDL’s operating capital should be higher than $50 million per month.