The Prime Minister’s investment team in renewable energies discussed, today, Thursday, during a workshop to assess the Libyan state’s strategy for renewable energies, the readiness of the electric grid to receive renewable energy, investment tools and opportunities in this field, the energy transmission lines program to southern Europe, and legal models for investment in Renewable energy.
The head of the investment team in renewable energies, advisor to the governor of the Central Bank, Mustafa Al-Manea, confirmed that the government, with the help of international houses of expertise and partnerships with foreign investors, has taken actual steps to implement its strategy, aiming to provide the country’s electricity needs and export to southern European countries.
A member of the team, Minister of State for Cabinet Affairs, Adel Jumaa, explained that the strategy of the national unity government also aims to keep pace with international requirements to get rid of carbon emissions and provide a clean environment.
The Director of the Sovereign Sector Oversight Department at the State Audit Bureau, Ridha Qarqab, stressed the Bureau’s keenness on the quality management of state resources in areas that contribute to diversifying sources of income, including investing in renewable energies according to transparent and accountable mechanisms.
During the workshop, the head of the Libyan Investment Authority, Ali Mahmoud, confirmed his institution’s keenness to keep pace with this strategy, adding that the available investment opportunity would be beneficial for the institution and the Libyan state.
The workshop was attended by ministers, agents and directors of investment companies, and representatives of the Central Bank of Libya, the Audit Bureau, the Electricity Company and the Renewable Energy Authority.