Lebanese cabinet approves 116 mln USD in funds for ailing electric grid

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Lebanese cabinet approves 116 mln USD in funds for ailing electric grid

STORY: Lebanese cabinet approves 116 mln USD in funds for ailing electric grid DATELINE: Jan. 19, 2023 LENGTH: 00:01:58 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of cabinet meeting 2. various of Lebanese PM Najib Mikati speaking 3. SOUNDBITE 1 (Arabic): NAJIB MIKATI, Lebanese PM 4. SOUNDBITE 2 (Arabic): NAJIB MIKATI, Lebanese PM 5. various of cabinet meeting STORYLINE: The Lebanese cabinet on Wednesday approved funds to pay for two diesel ships needed to operate two power plants and cover their maintenance cost, hoping to provide a temporary solution for the power outage in the country. A statement by the Council of Ministers quoted Lebanese caretaker Prime Minister Najib Mikati saying that the cabinet approved 62 million U.S. dollars to pay for two ships carrying 66,000 tons of diesel to operate Deir Ammar and Zahrani power plants and 54 million U.S. dollars to cover their maintenance cost. Mikati said that the decision to release 116 million U.S. dollars is the beginning of a solution to

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