The state General Electricity Company of Libya, (GECOL), signed an MoU with W Solar Investment, a unit of Abu Dhabi-based International Holding subsidiary Alpha Dhabi, to build solar photovoltaic power plants.<\/p>\n\n\n\n
The news came through a filing on Monday to the Abu Dhabi Securities Exchange by Alpha Dhabi, where its shares are traded.<\/p>\n\n\n\n
The project aims to produce 500 megawatts (MW) during the first phase and 2,000 MW over the long term.<\/p>\n\n\n\n
W Solar will own and operate the project for 25 years from the start of production and sell the net energy produced to the Libyan government.<\/p>\n\n\n\n
Commenting on the agreement, Wiam Al-Abdali, now former GECOL chairman, said: \u201cThere\u2019s no doubt that the MoU is important to the economic reform for the renewable energy sector in Libya. The Libyan government has been showing a serious intention to develop renewable energy.<\/p>\n\n\n\n
As we get on with unleashing investments in the renewable energy sector, having a partner like W Solar will definitely help accelerate the national green energy agenda.\u201d<\/p>\n\n\n\n
Zafar Muhammad, CEO of W Solar, said, \u201cThis is a landmark agreement for us, as we look to grow our operations in Africa and establish long-term relationships with key partners. With this MoU, W Solar is entering a new growth phase, and we are committed to bringing this cooperation to the next level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The state General Electricity Company of Libya, (GECOL), signed an MoU with W Solar Investment, a unit of Abu Dhabi-based International Holding subsidiary Alpha Dhabi, to build solar photovoltaic power plants. The news came through a filing on Monday to the Abu Dhabi Securities Exchange by Alpha Dhabi, where its shares are traded. The project […]<\/p>\n","protected":false},"author":87,"featured_media":6049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1897],"class_list":["post-7060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-general-electricity-company-of-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/7060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/comments?post=7060"}],"version-history":[{"count":3,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/7060\/revisions"}],"predecessor-version":[{"id":7063,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/7060\/revisions\/7063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media\/6049"}],"wp:attachment":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media?parent=7060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/categories?post=7060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/tags?post=7060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}