LIMS was nominated as a finalist for the prestigious Templeton Freedom Award, which recognizes our contribution to electricity reform. In May 2019, the Lebanese parliament voted in favor of Law 129, authorizing private independent power producers to enter the market and sell electricity. This victory for LIMS averted the spending of $5.4 billion, which translates to $125 saved by the average taxpayer each month.
LIMS was rewarded the prize of best policy paper in the MENA region at the Averroes Academy for proposing to abolish the national electricity monopoly in Lebanon and to allow Independent Power Producers (IPP) into the market. The Lebanese government adopted this reform in 2019 and it was voted by the Lebanese parliament under Law 129 of April 30, 2019.