No Result
View All Result
Friday, June 2, 2023
22 °c
Tripoli
23 ° Sat
24 ° Sun
23 ° Mon
24 ° Tue
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Agreed 2,000 megawatt electricity projects on hold due to financing problem

bySami Zaptia
July 6, 2018
Reading Time: 1 min read
A A
13
SHARES
56
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

Mohamed Sallak, the spokesperson for the head of the PC, Faiez Serraj said that Libya's oil export stoppage caused by the handover of the oil crescent by Hafter's LNA to the parallel eastern NOC (Photo: Presidency Council).
Mohamed Sallak, the spokesperson for the head of the PC, Faiez Serraj said that electricity projects were on hold due to the lack of financing(Photo: Presidency Council).

London, 6 July 2018:

Contracted electricity projects approved in December generating 2,000 megawatts of power are on hold due to the inability to organize funding, the Libya’s Presidency Council (PC) has revealed. The revelation came through Mohamed El-Sallak, the official spokesperson for Faiez Serraj, the head of the PC during Tuesday’s press conference.

The fast-tracked projects in Tripoli West, Tripoli East and Misrata power stations were intended to overcome Libya’s 1,500 MW generation deficit which has been causing acute powers cuts across the country.

The projects were slated to be financed by the Libyan Local Investment & Development Fund (LLIDF), however, Sallak said that the Audit Bureau objected ‘‘in their view’’ to the financing of these projects on ‘‘legal’’ grounds.

RELATED POSTS

BOT is the way forward for completion of Libya’s railway project

NOC could raise investment funds externally through bonds, loans or with existing partners: Bengdara

He implied that the PC did not agree with the Audit Bureau’s interpretation and added that Serraj has requested that both Audit Bureau and PC/GNA officials sit down and find an agreeable legal formula for the completion of the projects as they are important in resolving the electricity crisis that Libyan citizen are suffering from.

U.S. to help Libya reform its electricity sector

 

Egypt agrees to provide electricity and electrical know-how to Libya

 

Algeria’s Sonelgaz discusses electricity exports with GECOL

 

GECOL reveals investment projects in the billions for Libya’s electricity sector

 

GECOL signs MoU with Germany’s Siemens to resume maintenance and complete power stations

 

 

 

 

 Your browser does not support HTML5 video.
Tags: electricity projectsfeaturedFinanceLLIDF Libya Local Investment Development Fundofficial spokesperson Mohamed El Sallak
Share5Tweet3Share1

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

May 30, 2023
State recognised militia and Libyan Army clash in central Tripoli
Libya

State recognised militia and Libyan Army clash in central Tripoli

May 29, 2023
FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards
Libya

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

May 29, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

May 25, 2023
AmCham Libya Networking Breakfast
Libya

US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

May 24, 2023
Ten former antagonists, now presidential candidates, including Hafter, Bashagha and Maetig gather in Benghazi
Libya

Bashagha suspended by HoR as eastern-based prime minister

May 19, 2023
Next Post

CBL to continue with agreed economic reforms

NOC lifts force majeure on oil ports

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    220 shares
    Share 88 Tweet 55
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    140 shares
    Share 57 Tweet 35
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    66 shares
    Share 26 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    47 shares
    Share 19 Tweet 12
  • NOC completes strategic project to increase local gas supply and clean pipelines

    44 shares
    Share 18 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

REAoL opens Benghazi office – to open office in south soon

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?