Al Maskari Holding in $3bn Libya energy plan

Abu Dhabi’s Al Maskari Holding is behind a US$3 billion (Dh11.01bn) project to build an integrated “energy hub” in Libya and to develop an undersea cable for exporting electricity to Europe.

The project will include solar power and conventional electricity generation from fuels such as natural gas, and a high-voltage undersea transmission line from Libya to southern Italy.

An agreement for the project was signed in Tripoli on December 12, said Sirajeldean Elbadri, an official with the chairman’s office of the Libyan general board of privatisation and investment…read more

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