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The American Lebanese Chamber of Commerce (AmCham) and the Association of Lebanese Business People in the World (RDCL World) teamed up with TBY for a roundtable titled “The Role of the Private Sector in Sustainable Power Generation" on May 23, 2017. Held in Beirut, the forum was moderated by TBY's Editor-in-Chief Leland Rice and featured Dr. Fouad Zmokhol, President of the "Association of the Lebanese Business People in the World" (RDCL World); Salim Zeenni, Chairman of the American Lebanese Chamber of Commerce (AmCham); Pierre El Khoury, President of the Lebanese Center for Energy Conservation; Karim Osseiran, Senior Energy Expert at Ministry of Energy and Water Resources; Dr. Hassan Harajli, Project Manager at UNDP – CEDRO; Antoine Skayem, CEO of Riego; Hussam Hawwa, CEO of Difaf; Albert Khoury, CEO of Hawa Akkar.
Historically dependent on imported fossil fuels, with oil accounting for over 95% of energy generation, Lebanon aims to double its share of renewable energy to 12% by 2020 and slash energy demand by 5% through increased efficiency.
The roundtable highlighted the private sector's role in achieving these energy goals through developing new technology, incentivizing investments, and creating more PPPs.
Beginning the discussion, Pierre El Khoury promised that Lebanon will accomplish its 2020 goals. “Approximately 3% of the 12% is going to be covered by solar water heaters. Lebanon is among the top 10 countries in this regard. Currently the private sector is in the process of preparing proposals to build solar farms that will generate 180MW. The other part of the 12% is dedicated to wind farms."
This follows the Ministry of Energy and Water starting a wind energy procurement process in March 2013, requesting wind farms be built and operated under a power purchase agreement (PPA). Albert Khoury, a pioneer in the implementation of wind farms in Lebanon, praised the Ministry's support but acknowledged some challenges still need to be addressed. Karim Osseiran referred to the importance of PPPs, saying, “For a successful private-public partnership, both parties must be strong."
The funds provided by the Central Bank through the National Energy Efficiency and Renewable Energy Action (NEEREA) program was another topic of discussion. “We have a company whose business model is to go through the Central Bank financing mechanism. If the Central Bank stops subsidies, the market would be dead," Albert Khoury explained. Dr. Fouad Zmokhol raised the importance of infrastructure and how it is vital for the sector to develop further; “We have to admit there is not much infrastructure from the public sector. When we discuss the importance of sustainable and renewal energy for the private sector, it is no longer a choice."
TBY, the American Lebanese Chamber of Commerce, and The Association of Lebanese Business People in the World (RDCL World) expressed their gratitude to the participants and their satisfaction with the result of the discussion.
The full text of the roundtable discussion was published in The Business Year: Lebanon 2017.
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Pierre El Khoury is President of the Lebanese Center for Energy Conservation - LCEC.
Hassan Harajli is Project Manager of UNDP-CEDRO.
Hussam Hawwa is CEO of Difaf.
Albert Khoury is CEO of Hawa Akkar.
Karim Osserian is
Senior Energy Expert at
the Ministry of Energy & Water.
Antoine Skayem is CEO of Riego.
Dr. Fouad Zmokhol is President of the Association of the Lebanese Business People in the World - RDCL World.
The RDCL is an association of business men and women from several activity sectors and various regions of Lebanon.
This association is united by a common vision of the Lebanese Economy and aims at protecting the private sector since its foundation in 1987.
The American Lebanese Chamber of Commerce (AmCham Lebanon) is an official non-profit organization aiming at developing business and trade relations between Lebanon and the United States. AmCham Lebanon, member of the U.S. Chamber of Commerce, part of the broad network of AmChams, and member of the AmCham MENA Council, is supported by the U.S. Department of Commerce and operates from its offices in Beirut Central District (under decree 1929 from the Ministry of Economy & Trade in Lebanon). It serves as a platform for exchanges, investment contacts, and productive meetings to advance commerce between the two countries. One of its main objectives is to provide information and a network of contacts to potential US investors in Lebanon as well as Lebanese investors in the US. Membership is open to companies and individuals with direct US business dealings, and to US citizens residing in Lebanon who have business in the US or Lebanon.
The American Lebanese Chamber of Commerce was announced in 1998 by William Daley, U.S. Secretary of Commerce during his visit to Beirut. It was officially launched in January 2000 by Molly Williamson, Deputy Assistant Secretary for the Middle East and Africa at the U.S. Department of Commerce, during her visit to Beirut.