Turkish Karadeniz Holding Says It Has Stopped Electricity Supplies to Lebanon

Today, Friday, the Turkish company Karadeniz Holding, which provides Lebanon with electricity from two floating power plants, announced that it has halted supplies due to overdue payments and a legal threat to its plants in Lebanon, which is facing a deep economic crisis. Lebanon receives 370 megawatts of electricity from the company, accounting for about a quarter of the country's current supplies. The company informed the Lebanese government last week that it would have to take this step if no actions were taken to reach a settlement. In a statement, the company announced that it cut off electricity on Friday. A source familiar with the situation stated that the action was taken around 8:00 AM (0500 GMT) as fuel in the floating plants ran out.