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Egypt, Libya seek to boost energy cooperation
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21:41, July 16, 2008

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Egypt and its western neighbor Libya are keen on boosting bilateral cooperation in the fields of electricity and energy, the Egyptian state MENA news agency reported Wednesday.

Earlier in the day, Egyptian Minister of Electricity and Energy Hassan Younes and visiting Secretary of Libya's General People's Committee for Electricity, Water and Gas Umran Abu-Kra'aa held talks on this issue.

The two sides discussed details to set up a joint ad hoc committee to draw up an executive plan for establishing a 1,300 megawatt power station in Libya, said the report.

They also underlined the importance of establishing a power linkage between the two countries and organizing more training sessions at Egyptian centers on energy know-how.

In early July, Egypt and Libya signed a strategic agreement with a number of projects, especially in the sectors of electricity and energy, to boost cooperation between the two neighbors.

The projects, including a natural gas pipeline linking the two countries and an oil refinery west of the northern Egyptian port city of Alexandria, will help boost Libyan investments in Egypt to10 billion U.S. dollars in two years.

Source:Xinhua



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