VOL. XLV

No 1

7-January-2002

LIBYA

AFESD Lends $81Mn To Libyan PowerSector

The Arab Fund For Economic andSocial Development (AFESD) announced on 2 January that it had signed a loanagreement worth KD25mn ($81mn) to be used to finance increased capacity at thepower station located north of Benghazi in Libya. According to a statement fromAFESD, the plant will be transferred into a combined cycle gas station, whichwill increase its annual generation capacity to 300mw. The loan carries anannual...