The Ministry of Energy and Water confirmed that "there is no sustainability in implementing the electricity plan and increasing supply without importing fuel, in addition to the Iraqi fuel." In a statement, it noted that "the funds for the ship are allocated from the $300 million amount as per the government's decision published in the official gazette last January, and only $193 million has been reserved so far, leaving $107 million." The ministry addressed the "latest letter of credit related to the fuel ship amounting to $58 million, not $80 million, which has been approved by the Minister of Finance, requesting the Central Bank to execute it." It urged anyone with inquiries or questions to "direct them to the relevant parties, namely the government and the Ministry of Finance and the Central Bank," pointing out that "any other comments are misleading to public opinion and contrary to the truth, and indeed biased towards banks and private generators."
**Finance Responds**
In response to the Ministry of Energy's statement, the media office of the Ministry of Finance confirmed that "the ministry has fulfilled its obligations, and has referred a request to open a documentary credit amounting to $58,877,946 for the benefit of 'Coral Energy DMCC' since the beginning of the week, without any delays. Therefore, it remains for the relevant ministry to clarify to the public why there has been a delay until now, rather than intentionally obscuring the considerations that caused it between them and the Central Bank of Lebanon. Otherwise, it is considered misleading."
