Power Sector
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The General Electric Company of Libya (GECOL) is a totally government owned concern and is responsible for the operation of the entire power sector in the country, supplying the electrical energy needs to the total population in Libya . With a population of around 6.0 million, Libya is a 100% electrified country and has a current electricity consumption of 2798 kWh per capita. The country has been self-sufficient in energy since 1960s, with no imports or exports of electricity. 14.8 GWh of electricity was produced in 1999 entirely from fossil fuels and mainly in oil – rather than gas fired power stations. The county has a land area of 1.76 million sq km (679,540 sq miles), which is almost seven times the size of Great Britain .

Power Generation:
  1. Libya currently has an installed electric power production capacity of 4700 MW (peak demand of 3341MW) and the current generated energy is 18493 Gwh. Power demand is growing rapidly (6%-8% annual), and according to studies conducted by GECOL, the peak demand is expected to reach 7000 MW and 8000 MW in the year 2015 and 2020. Libya has plans to meet this demand with a mixed generation options based on latest technology (Steam and Combined Cycle) using natural gas at a cost of 6.0 billion USD.
  2. Most of the country's existing power stations are oil-fired, though several have been converted to gas. Projects have been planned to develop other gas-fired facilities and are at different stages of execution.
  3. Natural gas based power projects include the 600-MW Western Mountain Power Project (BHEL, India), an 800-MW power plant in Zuwara on the west coast, a 1400-MW power plant to be located on the coast between Benghazi and Tripoli, and a 1200-MW combined power and desalination complex in Sirte. In February 2002, Russia 's Tekhnopromexport signed a $600 million deal with Libya to build a 650-MW power plant. Meanwhile, Libya , Egypt , and Tunisia have finished linking their power grids. Libya has plans to upgrade its own power transmission network in coming years, at an estimated cost of $ 1.5 billion.
  4. Libya 's state-owned GECOL has hinted at the possibility of allowing private investment in the country's power generation and distribution. The country's power sector requires substantial investment, and officials are looking at alternatives to public financing, but despite this, it remains unlikely that Libya will undertake any large-scale power privatization or allow independent power projects (IPPs) anytime soon. Meanwhile, the Export-Import Bank of South Korea reportedly has guaranteed $99 million of the $299 million cost of an expansion and upgrading project at the 450-MW Benghazi North power plant. The project would double the plant's capacity and convert it to combined cycle. GECOL's biggest current project is to expand Libya 's network of power substations, which are concentrated mainly in Benghazi , Sebha, and Tripoli .
  5. In the past five years, GECOL has commissioned five simple-cycle gas-turbine power plants, each equipped with four 165-MW gas turbines supplied by ABB. Four of the plants located on the Mediterranean coast are designed for future upgrading to combined-cycle operation.
  6. As part of its generation-expansion plan, GECOL will construct two new power plants. A steam-thermal plant, which will be located at the Gulf of Sirte on the Mediterranean coast, has a planned capacity of 1400 MW (four 350-MW units). GECOL has not awarded the contracts for this plant.



The Generation Projects Scheduled During the Period (2004-2015):