A Turkish company threatened to switch off two floating power plants that provide about a fifth of Lebanon’s electricity, amid a dispute with authorities over corruption allegations and payments. Lebanon’s Financial Prosecutor asked for Karpowership’s vessels to be seized pending an investigation into the renewal of the power supply contracts. “We are alarmed at the actions taken by Lebanon’s Financial Prosecutor and firmly deny any violation of our contract or the law,” a Karpowership spokesperson said in a statement late Saturday.
Read more at: https://www.bloombergquint.com/business/turkish-firm-threatens-to-switch-off-lebanon-s-power-boats
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