No Result
View All Result
Saturday, April 1, 2023
21 °c
Tripoli
18 ° Sun
16 ° Mon
17 ° Tue
19 ° Wed
  • 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
12
SHARES
54
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

 

 

 

 

Tags: electricity projectsfeaturedFinanceLLIDF Libya Local Investment Development Fundofficial spokesperson Mohamed El Sallak
Share5Tweet3Share1

Related Posts

Aldabaiba stresses need to activate agricultural projects in cooperation with private sector
Libya

Aldabaiba stresses need to activate agricultural projects in cooperation with private sector

April 1, 2023
Alberini nominated as new Italian ambassador to Libya
Libya

Alberini nominated as new Italian ambassador to Libya

March 31, 2023
MSF Libya provided medical care in 2022 to more than 50,000 people
Libya

MSF Libya provided medical care in 2022 to more than 50,000 people

March 31, 2023
HSC confirms conditional attendance of Paris conference
Libya

High State Council selects 6 committee members for 6+6 joint election laws committee

March 30, 2023
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Akakus Oil Operations chairman remanded in custody on corruption charges

March 28, 2023
UNSMIL: Warring parties invited to begin negotiations on 29 September
Libya

Historic inclusive JMC 5+5 tripoli meeting – raises hope for elections and permanent peace?

March 27, 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

  • Big Chefs Turkish restaurant chain opens its first branch in Tripoli – the first in Libya and Africa

    Big Chefs Turkish restaurant chain opens its first branch in Tripoli – the first in Libya and Africa

    353 shares
    Share 146 Tweet 86
  • Historic inclusive JMC 5+5 tripoli meeting – raises hope for elections and permanent peace?

    91 shares
    Share 39 Tweet 22
  • Zallaf starts 3,000 bpd Erawin production – Libya’s first new field

    82 shares
    Share 33 Tweet 21
  • Libya discusses with Chinese companies return to work

    74 shares
    Share 32 Tweet 18
  • Libyan Air Ambulance Service contracts to buy three new Bell helicopters

    60 shares
    Share 28 Tweet 13
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

Ghadames Air receives its Airbus 330

Aldabaiba stresses need to activate agricultural projects in cooperation with private sector

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?