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101.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Karpowership cuts off electricity to Lebanon

Karpowership has stopped the distribution of electricity in the country through its two floating power plants off the coast of Beirut, after the contract with the Lebanese electricity authority expired, AP reported.

Karpowership cuts off electricity to Lebanon

With power cuts of up to 22 hours a day in Lebanon, where economic troubles are deepening, the newly formed government has promised to make developing electricity generation one of the top priorities.

Karpowership suspended its operations for a short time in May due to delayed payments and legal steps against its ships.

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