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Cabinet has approved the electricity sector reform plan, Energy Minister Walid Fayad announced yesterday evening. The reform plan was prepared by Fayad and structured around three axes, one of which is a short-term emergency measure: an agreement with Iraq to import fuel, along with two US initiatives unveiled in August 2021 to import electricity from Jordan and gas from Egypt, the financing of which has not been finalized yet. However, the World Bank said it would bankroll both projects pending the cabinet's endorsement of a reform plan. According to Al Jadeed TV, the previous plan was amended to move up the creation of an electricity regulatory authority to 2022 rather than in 2023, as insisted upon by the World Bank.