Deir Ammar Power Plant II

In 2006, the HCP retained the International Finance Corporation (IFC) as a transaction advisor to attract a private partner to design, build, manage, operate and finance a new 450 MW power plant in Deir Ammar, North of Lebanon, on an IPP basis. The project coincided with a 18 month long political crisis which culminated in street battles in May 2008. The Doha agreement ended the political deadlock with the election of a new president and change of government. The IPP project had reached advanced stages and the tender was ready for launching when the new Minister of Energy and Water took office and decided to abandon the IPP route and tender the project on an EPC basis.

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