Lebanon’s Ministry of Energy and Water has approved a bid made by US firm Primesouth to operate and maintain the Zahrani and Deir Amar power plants, resulting in a five-year contract worth $339m, reported Business News. The two power plants have a combined power generation capacity of 900MW, which is 40% of country’s total production.

Primesouth will take the place of the original contract holder, Malaysian firm YTL Power Services, whose contract, valued at $256m, expires on 15th February. Primesouth is a world leader in power plant services and was up against another US firm, HPI, as well as India’s KSSR, wrote Trade Arabia.