Libya earmarks $2 billion for construction of two power plants
The Libyan government announced that it has allocated $2 billion for the construction of two power plants in the north of the country, Ansa reported Tuesday (July 3rd). The combined-cycle power plants (gas and water vapour) will have a capacity of 1,400 megawatts each and will be built near Tripoli and in the Gulf of Sidra. The projects are part of a plan recently announced by Electricity, Water and Gas Minister Omran Ebrahim Abukrah to raise Libya's electricity production capacity to 7,000 MW in five years. Abukrah said a total of $11 billion has been allocated for the purpose. Last year Libya granted a $787 million contract to South Korea’s Daewoo Engineering and Construction for the construction of two 750-megawatt power plants in Misurata and Benghazi.
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