Tripoli’s inability to spend oil revenue on improving the country’s decrepit infrastructure is evidenced in the power sector, where desperately needed additions to the country’s generation capacity have been put on hold.
Despite Libya’s central bank reporting a massive underspend of the budget for capital projects in the first half of 2018 (MEES, 17 August), three key powergen projects totalling 2GW have been held up due to disputes over the funding model. (CONTINUED - 727 WORDS)
