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NEWS BY COUNTRY News & Analysis>
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| Electricite Du Liban Sees '10 Deficit At LBP2.12 Tln - Report |
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Thursday, Nov 05, 2009
BEIRUT (Zawya Dow Jones)--Electricite du Liban, or EDL, Lebanon's state-owned electricity production and distribution utility, expects its deficit to reach nearly 2.12 trillion Lebanese pounds ($1.41 billion) in 2010, Beirut-based As Safir daily reports Thursday citing the country's Finance Minister Mohammad Chatah.
The forecast is based on an oil price of $70 a barrel and on the current electricity tariff and bill collection rate, Chatah told the paper, adding that bill collections won't fully cover even the administrative expenses of EDL.
Newspaper Web site: www.assafir.com
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2009 Dow Jones & Co
(END) Dow Jones Newswires
05-11-09 0615GMT
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