Authorities in Libya have granted the Dublin-based AG Energy, an independent power producer company, a licence to build a 200 MW solar power plant in Ghadames city, in southwest Libya.
It is also the first renewable energy project in the country to be implemented by a private company. The decision to proceed was made by the Libyan Authority for Privatisation and Investment and the Libyan General Electricity Company as the development stage of the project neared completion.
The new facility, located in Ghadames, some 650 km from Tripoli, was originally a pilot project with which the Libyan authorities aimed to attract private investment in renewable energy.
The agreement between the company and the Libyan side intends to establish a working group of the parties involved to implement the 2025-2030 electricity plan. The objective of that plan is to help the power grid meet all the electricity needs of Libya through a mix of conventional thermal power and renewable energy sources.