“The Obama administration is considering future funding of industry modernization ventures in Libya, and has proposed sending contractors to assess U.S. investment prospects” reports Steve Peacock, of WND.

The sectors that are targeted for evaluation are: Oil and Gas; Power Generation; Transportation, and Information and Communications Technology, to facilitate the US involvement in developing projects within emerging economies.

Amidst criticisms that surround the US interest in Libya, private vendors are expected to evaluate the sectors by April 20th on behalf of the United States Trade & Development Agency (USTDA), which is an independent White House entity. Here is an excerpt from the exclusive report by WND:

According to planning documents that WND located via routine database research, USTDA has issued Requests for Proposals from contractors capable of identifying and evaluating industry projects that Libya’s National Transitional Council is proposing.

USTDA’s stated purpose behind the sector evaluations is to increase “strategic opportunities for the utilization of U.S. goods, services, and technologies as the country rebuilds its economy…”

Libya currently relies on oil to generate most of its electricity nationwide, “an inefficient and expensive method of power production,” the Scope of Work governing the Oil and Gas Sector DM points out.

The General Electric Company of Libya, however, recently doubled its natural gas-based power generation capacity – and estimates that the nation’s industrial and civilian gas requirements will nearly quadruple by 2020.

“A significant number of energy-focused U.S. firms have indicated their interest in working in Libya,” the SOW says, “many of whom have provided capability statements to the Commercial Attaché at the U.S. Embassy in Libya and are looking for business opportunities to engage in the Libya market.”

Two U.S. companies – left unidentified by USTDA – already have expressed interest in Libyan projects, the document says.

USTDA typically awards contracts for post-DM endeavors – such as the development of feasibility studies – prior to providing or arranging project-specific financing. Depending upon the findings in those reports, the U.S. government directly may offer additional funds or indirectly through organizations such as the World Bank.

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