2 Hrs
Source:
عين ليبيا
Libya Faces Electricity Cost Challenges
Libyan businessman Hosni Bay compared the costs of electricity generation from different fuel sources in Libya, emphasizing that importing natural gas—especially by purchasing it from European markets—reduces the cost of electricity production by more than 50% compared to using diesel. He explained that the cost of producing one kilowatt in plants relying on local natural gas ranges between $30 and $55, while in diesel-powered plants, it exceeds 200% higher, highlighting the importance of relying on natural gas to reduce expenses. He pointed out that the optimal choice for generating basic power is using natural gas in combined-cycle plants, especially in areas where reliable supplies are available, with imported gas serving as a compromise solution. Diesel remains a high-cost option, limited to emergencies or limited operations. He confirmed that the operating cost of diesel-generated electricity exceeds that of local natural gas by more than double. Although importing liquefied natural gas (LNG) is cheaper than generating electricity with diesel, it remains more expensive than using domestic gas, according to the figures he presented. The study discusses the importance of transitioning to more efficient fuels and reducing dependence on imported fuel to improve fiscal and national stability within Libya's electricity system.
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