- YEAR2024
- LOCATIONBenghazi, Livya
- VALUE$6.5bn+
- CONCESSION PERIOD25 YEARS
- AUTHORITYState of Libya
- CONCESSIONAIREGVC CONSORTIUM
- CONTRACTORSCHINA ENERGY
- OPERATORGVC CONSORTIUM
- PMOTHE D I O R GROUP
PROGRAM DESCRIPTION
Program Owner: Ministry of Electricity & Renewable Energy
Energy Production: 150 MW/h
Project Cost: USD6.5 billion.
Program Completion: Technical Review & Certifications
PROJECT INSIGHTS
$6.5bn RENEWABLE ENERGY PROGRAM | Libya | 2025-2050
[ SOLAR + WIND + GREEN HYDROGEN ]
The world is moving toward a zero-carbon footprint and renewable technologies are gaining momentum rapidly. An average of 4 to 6 kWh per square meter, per day, in solar energy strikes Libya with entire coastlines and aquifers available as a source of water. These two environmental gifts allow for a carbon-free energy independence for any willing nation. We have the largest drivers of a successful, renewably fueled, economy into a pre-financed, warrantied, and entirely scale-able package specifically engineered for the country. Generation of electricity, production of fuel oil, and abundance of drinking water provide for a stable foundation for growth.
Solar & WIND FARMS | Energy Abundance
We will collect energy every moment there is sunlight and wind, place it into grid. We will further collect and store it as hydrogen to be used during the night and throughout the rains.
Hydrogen Storage
Collecting all the Solar Energy available does little to no good if you do not have a means of storing and using this energy as needed. We choose to utilize Hydrogen storage as it provides the greatest flexibility in reintroduction. We can use fuel cells which combine the hydrogen with oxygen passing over or through a panel or plate which generate the electricity. We also like the simplicity of hydrogen turbines which use the hydrogen as the heating fuel for steam, or directly combust to provide the thrust for the turbine. The latter can also be combined with the steam turbine for even greater power generation.
Water
We produce hydrogen by separating water into hydrogen and oxygen. When used in fuel cells or combustion, the hydrogen bonds to oxygen giving us water. We purify and produce as much water as is required for the facility and all is available for consumers. Without altering current levels of water consumption and pollution, almost half of the world’s population will suffer severe water stress by 2030, damaging the well-being of
millions of people, according to a new report from the International Resource Panel (IRP). Under current trends, demand for water will exceed supply by 40 per cent in 2030, the report says, forcing governments to spend $200 billion per year on upstream water supply as demand outstrips cheaper forms of supply – up from historic averages of $40 to $45 billion. Our project has the capacity for Libya to produce approximately 146 million liters of water per annum which is a large amount not only can this be used internally but looking at the international market the price for water is ever growing and can be a potential export commodity for Libya as it is strategically placed close to Europe.
Carbon Free Footprint
THE BENEFITS OF HYDROGEN WILL HELP MOVE US TO A SUSTAINABLE ENERGY ECONOMY.
To better understand hydrogen’s benefits, we can first review some of the present concerns with the structure of the existing energy economy.
Four realities suggest that the current energy economy is not sustainable:
- The demand for energy is growing and the raw materials for the fossil fuel economy are diminishing. Oil, coal, and natural gas supplies are not replenished as it is consumed, so an alternative must be found.
- Most of the people who consume fossil fuels don’t live where fuels are extracted. This situation creates enormous economic motivation for the consuming nations to try to exert control over the regions that supply the fuels. For many people and governments in the world, the resulting conflicts are unacceptable.
- Emissions from fossil fuel usage significantly degrade air quality all over the world, especially in in industrialized countries. The resulting carbon byproducts are changing the world’s climate. For many people and governments in the world the resulting health and climate impacts are unacceptable.
- Third world economies are especially susceptible when developing energy systems needed to improve their economies. The fossil fuel economy puts people and nations under the undue influence of energy suppliers. This lack of economic independence is unacceptable to many businesses and governments.
Hydrogen has three basic benefits that address these concerns:
The use of hydrogen greatly reduces pollution. When hydrogen is combined with oxygen in a fuel cell, energy in the form of electricity is produced. This electricity can be used to power vehicles, as a heat source and for many other uses. The advantage of using hydrogen as an energy carrier is that when it combines with oxygen the only byproducts are water and heat. No greenhouse gasses or other particulates are produced by the use of hydrogen fuel cells.
Hydrogen can be produced locally from numerous sources. Hydrogen can be produced either centrally, and then distributed, or onsite where it will be used. Hydrogen gas can be produced from methane, gasoline, biomass, coal or water. Each of these sources brings with it different amounts of pollution, technical challenges, and energy requirements. If hydrogen is produced from water, we have a sustainable production system. Electrolysis is the method of separating water into hydrogen and oxygen. Renewable energy can be used to power electrolyzers to produce the hydrogen from water. Using renewable energy provides a sustainable system that is independent of petroleum products and is nonpolluting. Some of the renewable sources used to power electrolyzers are wind, hydro, solar and tidal energy. After the hydrogen is produced in an electrolyzer it can be used in a fuel cell to produce electricity. The byproducts of the fuel cell process are water and heat. If fuel cells operate at high temperatures the system can be set up as a co-generator, with the waste energy used for heating.
GREENVERSE CONSORTIUM (GVC) is a global program and projects management consortium founded and managed by THE D I O R GROUP for Projects Management in Middle East & Africa, 2024-2050 with BOT Projects Portfolios amounted to $50.0+bn under PMO management of THE D I O R GROUP. GVC’s Technical Consortium house the global blue-chip EPCs form USA, China and EU, while GVC’s Financial Club attracted global financing institutions and local development banks, etc.
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