{"id":342706,"date":"2021-03-29T16:33:39","date_gmt":"2021-03-29T20:33:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=342706"},"modified":"2021-03-29T16:34:13","modified_gmt":"2021-03-29T20:34:13","slug":"lebanon-approves-200m-loan-for-power-generation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lebanon-approves-200m-loan-for-power-generation\/","title":{"rendered":"Lebanon approves $200M loan for power generation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flebanon-approves-200m-loan-for-power-generation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=342706&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2392902\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2392902\" class=\"wp-caption-text\">Lebanese Prime Minister-Designate Saad Hariri, speaks to journalists after his meeting with Lebanese President Michel Aoun, at the Presidential Palace in Baabda, east of Beirut, Lebanon. (AP Photo\/Bilal Hussein)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 12:45 PM PT \u2013 Monday, March 29, 2021<\/h5>\n<p>The Lebanese Parliament approved a $200 million loan to purchase electricity after its energy ministry warned it was running out of cash. On Monday, the government announced it approved the loan to buy power following a warning the funds for electricity generation would be exhausted in April.<\/p>\n<p>The loan will help power the country for up to two and a half months. This came after one of Lebanon\u2019s four main electricity producers was shut down due to a lack of fuel.<\/p>\n<div id=\"attachment_2392903\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2392903\" loading=\"lazy\" class=\"wp-image-2392903 size-large\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4293.jpeg\" alt=\"Lebanon&#039;s Energy Minister Cesar Abi Khalil attends the 18th International Oil Summit in Paris on April 27, 2017. \/ AFP PHOTO \/ ERIC PIERMONT (Photo credit should read ERIC PIERMONT\/AFP via Getty Images)\" width=\"656\" height=\"437\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4293.jpeg 656w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4294.jpeg 315w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4295.jpeg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4296.jpeg 1024w\" sizes=\"auto, (max-width: 656px) 100vw, 656px\" \/><\/p>\n<p id=\"caption-attachment-2392903\" class=\"wp-caption-text\">Lebanon\u2019s Fmr Energy Minister Cesar Abi Khalil attends the 18th International Oil Summit in Paris. \/ AFP PHOTO \/ ERIC PIERMONT (Photo credit should read ERIC PIERMONT\/AFP via Getty Images)<\/p>\n<\/div>\n<p>\u201cThis means Lebanese make up for it with generators that run on diesel that\u2019s 30% more expensive than the fuel that\u2019s bought by the electricity company,\u201d former Energy Minister Cesar Abi Khalil said. \u201cAnd therefore the effect on foreign reserves money will be bigger when any of these plants are shut down.\u201d<\/p>\n<p>Lebanon was forced to turn to emergency funds as it has been facing its biggest financial crisis since the civil war.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/gop-lawmakers-slam-biden-over-use-of-race-card-to-push-far-left-policies\/\">GOP Lawmakers Slam Biden Over Use Of \u2018Race Card\u2019 To Push Far-Left Policies<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Lebanese Prime Minister-Designate Saad Hariri, speaks to journalists after his meeting with Lebanese President Michel Aoun, at the Presidential Palace in Baabda, east of Beirut, Lebanon. (AP Photo\/Bilal Hussein) OAN &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1896030,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-342706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/342706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=342706"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/342706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896030"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=342706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=342706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=342706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}