LEBANON, SAVINGS OF 225 MLN DOLLARS WITH NEW PLAN FOR ENERGY
According to LCEC, Lebanese Center for Energy Conservation, the new plan NEEREA – National Energy Efficiency Action Plan, could lead to energy savings of more than 1,500 GWh if it will materialize. The first plan NEEREA was launched by the Lebanese Government in 2001 and was recently renewed for the 2016-2020 five-year period.
The estimated energy savings would be equivalent to over 225 million dollars on an annual basis, starting in 2020. The electricity sector, as well as other sectors such as construction, industry, agriculture and infrastructure, provides the most great potential for energy savings, amounting to more than 686 GWh.
For the realization of the plan are necessary financing of between 600-950 million dollars for the five years, that would be a tremendous boost for the internal market.