INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Jordan to supply Lebanon with electricity: Energy minister

Grids have formed the backbone of electricity systems for more than a century.
  • Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250 megawatts during the remaining hours
  • The project will benefit the Jordanian electrical system as Lebanon will be supplied directly from the Kingdom's power transmission networks

Jordan, Lebanon and Syria are scheduled next Wednesday to sign a transit agreement and a contract to supply Lebanon with part of its electrical energy needs from Jordan through the Syrian grid, Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh said on Wednesday.

Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250 megawatts during the remaining hours, Kharabsheh pointed out.

The project, he said, will benefit the Jordanian electrical system, as Lebanon will be supplied directly from the Kingdom’s power transmission networks.

The minister added: “The selling price of electricity to Lebanon will not cause any losses to the Jordanian electrical grid, as the distribution cost will not be included in the selling price offer.”