- IPP is primarily active in North Africa and has 3,500MW of generating capacity under development.
- Libya has lagged far behind its neighbours in renewable energy development.
- GECOL agrees to establish a one-stop shop bringing together several government departments to make it easier for investors.
Libya’s first renewable energy project to be carried out by an independent power producer (IPP) is now fully implemented. The Libyan Privatization and Investment Board (PIB) and the Libyan General Electricity Company (LEC) made the decision.
IPP, primarily active in North Africa and has 3,500MW of generating capacity under development, wants to build a solar plant in Libya. With 200MWp, the facility will be located in Ghadames, 650 kilometres from Tripoli. It is primarily a pilot project for Libyan authorities seeking to attract private investment in renewable energy.
Due to the civil war and political instability that followed the fall of former President Muammar Gaddafi’s regime in 2011, Libya has lagged far behind its neighbours in renewable energy development. Therefore, the GDP-GECOL meeting also aimed to establish a working group between the two entities to implement the electricity sector plan for the period 2025-2030.