The Libyan Investment Authority participated with a delegation headed by the Chairman of the Authority, Ali Mahmoud, today, Sunday, in the Africa Energy Forum in the Kenyan capital, Nairobi, in the presence of a number of ministers of energy and electricity and heads of sovereign funds from various African countries. The conference was inaugurated by the Head of State of the Republic of Kenya.
The Libyan Investment Authority previously announced that it is among the investment initiatives in the field of renewable energies, especially solar energy, which
It will be implemented internally during 2023, as the participation focused on the involvement of a team, the oil and gas portfolio in the corporation, and in discussions centered on the previous experiences of the participating and pioneering countries in establishing renewable energy stations, and the possibility of transferring knowledge and experience from these countries to the Libyan market.
To be a pioneer in the field of investment initiatives related to the production and generation of renewable energies to meet and absorb the growth of energy demand in the Libyan market, and to contribute to the reduction of carbon emissions.
Ali Mahmoud stressed the importance of this participation, and the need for the LIA team to be involved in international forums and keep pace with growth and development, and to explore investment opportunities in the field of producing renewable energies because it is the promising investment that will be focused on in the Libyan market, which the LIA has set as an important strategic path. And an investment initiative that achieves financial returns and economic, social and environmental benefits.
It is noteworthy that the Authority had a prominent presence in the forum, as the director of the oil and gas portfolio, Ayman Al-Fakhal, represented the Libyan Investment Authority in a dialogue session that included representatives of other global sovereign wealth funds.