Bloomberg Lebanon is at risk of “implosion” unless it develops a new governance model that’s more transparent than today’s system, according to the World Bank. “Politicians need to stop and listen,” Ferid Belhaj, the World Bank’s most senior official for the Middle East and North Africa, said in an interview. “You cannot continue doing what you’ve been doing for years …

Bloomberg Infraestructura Energetica Nova SAB said a draft proposal by Mexico’s energy regulator to modify some transmission permits would make it impossible to supply power to new partners or carry out any expansion plans. In a letter posted in response to the draft proposal, the Mexican subsidiary of the US’s Sempra classifies it as “high regulatory impact” and argues that …

Bloomberg Shell Energy Europe Ltd (SEEL) has agreed to trade power from what will be the UK’s largest battery storage project. The Royal Dutch Shell Plc unit agreed to a multi-year deal to “optimise the use of renewable power” in the China-backed project, which is expected to come online by the end of this year. Batteries, Shell says, will play …