Latest news with #Law462
National News
12-04-2025
- Politics
- National News
Al-Saddi: Priority is to implementing any law before reviewing it
NNA - Minister of Energy and Water, Joe Saddi, wrote today on his platform "X" account: "From the first moment I assumed my duties at the Ministry of Energy and Water, I pledged to implement the regulatory authority in accordance with the approved Law 462, after its establishment had been delayed since the law's enactment 23 years ago. The authority is essential for regularizing the sector and for the reform project I am working on. Moreover, priority is to implementing any law before reconsidering it." Saddi added, "As for organizing update workshops on the law upcoming May and June, this does not conflict with the regulatory body's work. Our laws must be continuously updated to keep pace with new developments." =========
LBCI
13-02-2025
- Business
- LBCI
Lebanese Energy Ministry handover centers on reform, sustainability, and tackling corruption
A formal handover ceremony occurred at the Energy Ministry, where outgoing minister Walid Fayad transferred responsibilities to newly appointed minister Joe Saddi. Fayad reflected on his tenure, stating that his approach was rooted in reform and rescue, aimed at restoring the sector's financial health and improving services to citizens. He noted that significant results had already emerged, with institutions regaining financial stability and enhancing their ability to serve the public and contribute to the nation's recovery. He highlighted the continued efforts in the electricity sector, urging the new minister to advance reforms, particularly by presenting a bill to amend Law 462 to the Cabinet, which would then be sent to the Parliament. Fayad also emphasized the importance of completing the process of appointing the Electricity Regulatory Authority within the next three months. He expressed hope that Saddi would continue to increase electricity supply to the maximum capacity of available plants, aiming for 12-14 hours of service, reducing waste and improving revenue collection. These initiatives would contribute to a gradual reduction in electricity tariffs. Fayad also mentioned the projects for importing electricity from Jordan and gas from Egypt, stating that while contracts had been signed and lines had been rehabilitated, international circumstances had delayed their implementation. Minister Saddi outlined his priorities in his speech, stating that his administration would focus on structural and administrative reforms in the electricity and water sectors. He pledged to establish the electricity regulatory authority, activate the administrative councils of the ministry's institutions, and complete the necessary decrees to provide better services and gradually increase electricity supply at lower costs. Saddi emphasized that his commitment to the Lebanese people was not based on empty promises but on leveraging all his experience, energy, and relationships to serve them effectively. He expressed his intent to maintain a professional, team-oriented approach, working swiftly to address the sector's numerous challenges. He also committed to implementing a "constructive neutrality" within the ministry, keeping it free from political disputes and focusing on institutional work based on transparency and sustainability. Additionally, Saddi vowed to tackle corruption head-on and ensure that both short-term and long-term solutions were devised through clear strategies, scientific expertise, practical experience, and, most importantly, sound management and accountability.
Al Markazia
08-02-2025
- Business
- Al Markazia
بارودي من أثينا: هكذا يمكن للحكومة الجديدة أن تفعِّل قطاع الطاقة خلال ٩٠ يوماً
Baroudi from Athens: Here's how the new government can revitalize the energy sector within 90 days Almarkazia - The incoming Lebanese government faces numerous challenges, perhaps the most pressing being the issue of securing electricity and eliminating neighbourhood generators, which cause significant pollution due to their use of fuel oil and sell electricity at a high price exceeding 50 cents per kilowatt. In this context, international energy expert Roudi Baroudi spoke on the sidelines of the Athens Energy Summit held on February 5th and 6th in Athens. During a conversation with journalist Alexia Tasouli about the recent US liquefied natural gas exports to Europe, she asked him about reforming and restructuring the electricity sector in Lebanon. He affirmed that with this new government, which has the ambition and will for reform and restructuring, the electricity sector in Lebanon can be put on the right track and achieve immediate accomplishments within 90 days. Baroudi pointed to a series of measures that could lead to the realization of the Lebanese people's aspirations for launching the electricity sector within a maximum of 90 days, as follows: Appointing the Electricity Regulatory Authority, which was stipulated in the Electricity Sector Regulation Law, a step hindered by political disputes for 23 years. Enacting decrees that stipulate the independence of each of the electricity generation, distribution, and transmission activities and the establishment of companies in preparation for partnership with the private sector. Amendments should also be made to the Electricity Sector Regulation Law concerning renewable energy and its connection to the Lebanese electricity grid. Appointing a new board of directors for Électricité du Liban (EDL) and a new director-general committed to implementing the government's plan. Activating the Accelerated Electricity Works Program Law for the production of 700 megawatts. Restructuring the Ministry of Energy and Water, especially since several laws have been issued in this regard, particularly concerning the minister's powers. This restructuring should be in line with the implementation of Law 462 regulating the electricity sector, and key vacancies should be filled by directors-general and their assistants with experience, competence, and an understanding of modern developments. Appointing members to the board of directors of the Petroleum Sector to keep pace with the major developments in this important national file. In conclusion, energy expert Roudi Baroudi stressed that the implementation of this roadmap, if adopted by the new minister and government, would be a strong and much-needed launch in a long-awaited file to achieve real success. He expressed his hope that President Joseph Aoun's term would achieve accomplishments in various sectors, especially since the will and determination exist and only require the right person (he or she) in the right place and implementable plans.
