The Minister of Economy and Trade in charge, Ali Al-Abed, told our source regarding the renewable energies project, that: “We met today in the presence of the General Authority for Investment Promotion and Privatization Affairs and the Renewable Energy Authority with an American company specialized in generating energy using solar energy. It is an unconventional project like its predecessor, in which hydrogen is used to produce energy and also to supply potable water.”
He continued by saying: “The project will provide a lot of energy resulting from renewable resources that will contribute to reviving the Libyan economy that is based on oil only in the field of energy, which is a pulsating natural resource that does not exist constantly, so we have to search for alternative sources in the country to support the economy and industry.”
He also added: “Some in the Investment Authority are in constant contact with the American company concerned in this regard, and this company has a successful project in the State of Morocco, so we invited them to meet with us, as Minister of Economy in charge, to support this important step to be one of the most prominent tributaries of the Libyan economy. We approved the foreign company because it has the potential to produce 500 megawatts of power.”
