The Impotance of Social Life.

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  As the sun set over the familiar neighborhoods, we as a group of friends gather at our favorite hangout spot, reminiscing about old times and sharing the current. We had been had grown up together, exploring the streets, sharing laughter, and supporting each other through thick and thin. Some of our friends are late. Over the years, we had gone or separate ways, chasing dreams and building careers. Some had moved to different cities, while others had stayed close to home. Despite the distance and varying degrees of success, our bond remained strong. On weekends as  we sat together, we couldn't help but notice the different stages of life we had each reached. Some are married with kids, while others were still pursuing their passions. Some have achieved great professional success, and others have taken  more unconventional paths. One of our friends,  had been always dreaming of starting her own business. He had taken the leap and is now running a successful startup....
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Karpowership denies corruption allegations and threatens to withdraw integral energy supply to Lebanon

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 09 May

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Verity Ratcliffe, Youssef Diab and Dana Khraiche
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Picture: KARPOWERSHIP
Picture: KARPOWERSHIP

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 on Saturday.

The company was owed around $100 million by Lebanon in July last year, and the figure has since risen. The government is struggling to pay suppliers due to the country’s economic meltdown.

Karpowership has urged the government to engage in talks and served a final notice that it will suspend its services, the spokesperson said. The Turkish firm’s ships provide 400 megawatts of power and have been anchored off Lebanon’s Mediterranean coast since 2013.

"We strongly urge the authorities and the Republic of Lebanon to respect legal and contractual obligations and, crucially, to ensure rule of law," Karpowership said.

"Regrettably, we are now left without further options and have served a final notice of suspension of power generation services. We have worked for many months to avoid taking this action, and still hope a reasonable solution can be urgently reached so that we can continue to provide the lowest-cost and much-needed electricity to Lebanon."

Lebanon experiences regular power cuts and Karpowership’s absence would increase the strain on the state electricity company, known as Electricite du Liban. The utility is already struggling to run its plants at full capacity because it can’t afford to import the fuel for them.

Karpowership is also mired in a dispute in South Africa. It won most of a government emergency-power tender to provide electricity for 20 years. But state utility Eskom is concerned about the cost and length of the contract. 

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