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Libya: Libyan desert rich in renewable energy export potential

2013/04/12

Libya holds great potential for the export of solar and wind energy, said Libyan Minister for Electricity and Renewable Energy Ali Mohamed Mihirig on Thursday in Brussels.

He was speaking as part of a European Parliament conference on energy alongside the Union for the Mediterranean Parliamentary Assembly. Mirihig said that the Libyan desert held enough renewable energy potential to meet amount of Europe's energy requirements and stressed the country's desire to cooperate with other nations.

However, he as well noted its operating limits. ''We are still behind on legislation and regulation. Electricity was a government monopoly for a long time,'' the minister said. ''We hope to have a national energy authority by the end of the year and we are sure that we will have the EU's help in this regard''.

There are a great transaction of foreign investment offers to be had for the country in the energy sector. Mihirig noted, however, that Libyan is unique from this standpoint: it has money to invest. ''If we run out of oil in 20-30 years, we could have sustainable profits from renewable energy''.

Tripoli is therefore placing its bets on cooperation efforts. The minister noted that the country is keenly interested in working alongside the EU and its neighbors for the creation of transmission facilities and connection to the grid via underwater cables. The country is still dealing with ''political and social challenges'', but Mihirig said that ''the people is determined to build a new, democratic Libya''. 

www.ocpgroup.ma/
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