The Libyan power sector needs investment of $6 billion between 2001 and 2005 if the country is to sustain an average growth of 5 per cent per annum, the government said.
The $6 billion is part of a $35 billion investment target for the period. The hydrocarbon sector requires a further $6 billion and the water sector needs $8 billion.
According to the government 60-70 per cent of this investment will be provided from public sources, the rest from local and foreign investors. Over the next 20 years, the investment required to maintain economic growth is put at $150 billion.
