Libya’s REAoL Signs Renewable Energy MoU

The Renewable Energy Authority of Libya (REAoL) has signed an MoU with a Canadian consortium comprising engineering and construction firm Petro Techna International Company and investment company Jacob Capital.

The MoU aims to enhance cooperation in renewable energy projects.

The agreement – signed by REAoL Chairman Abdul Salam Al Ansari and Petro Techna’s President and CEO Ali Malik in March 2024 – will leverage Canadian expertise in the Libyan renewable energy sector, specifically in advisory and technical aspects.