The cost of political interference in the public sector: the case of 'Electricité Du Liban' Online publication date: Fri, 04-Aug-2017
by Maher Al Sayah
EuroMed J. of Management (EMJM), Vol. 2, No. 2, 2017
Abstract: No matter how developed a society is, there will always be a certain corruption shadowed rate that accompanies it. Investing in energy is internationally known to be a highly profitable and advantageous business. Ironically, the energetic situation in Lebanon is far from this truth with yearly deficits lately exceeding the 2 billion US dollars. Electricité Du Liban 'EDL', the administration of energy in Lebanon represents a living example of corruption and political manipulation. By relying on the following four parameters 'The situation of the Lebanese electrical Plants and grids, The situation of employment and qualifications, The situation of the Lebanese private electrical grids and The cost of not upgrading to alternative resources' we managed to quantify the minimum economic losses generated by corruption in EDL for the year 2014. To lessen the political influence over the private sector, societies should turn to BOT contracts and even privatisation policies.
Online publication date: Fri, 04-Aug-2017
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