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Best Business Opportunities in Libya, Africa - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

What are the Natural Resources in Libya?

Libya, with its huge natural wealth, may be termed North Africa's best-kept secret. Libya is 80 percent desert (mainly Sahara), but it is anything but hidden, since it is positioned near to two of the world's largest bodies of water and has one of the world's largest oil reserves. Iron ore, manganese, chromium ore, asbestos, and gypsum are all abundant in the country. It contains untapped mineral resources worth an estimated $200 billion! Natural gas reserves are also plentiful. Libya, in reality, has more than 35 trillion cubic feet of proven gas reserves, making it the sixth largest in the world. As if that weren't enough, Libyan soil has significant amounts of copper and gold. According to estimates from the United States Geological Survey, Only off Libya's Mediterranean coast can you find up to 200 million barrels of crude oil! Libyans should have no trouble making money for years to come with all of these natural resources at their disposal. Consider how you might profit from these important commodities if you want your business idea to flourish in Libya. Is it possible that your company will specialise in mineral extraction or petroleum processing? Perhaps it will entail the transport of commodities across international waters? Or perhaps it will provide some form of agricultural service? You can expect that Libya's enormous natural resources will play a key part in your company's success, regardless of what you do.

 

What are the Business Opportunities in Libya

Libya used to be renowned for having Africa's highest Human Development Index. The discovery of gas and oil in the 1950s transformed the country into one of the richest in the region, and effectively made it Africa's third richest country. Libya has progressed in our health as a result of the finding of hydrocarbon wealth. The answer is complex and varies depending on how much danger you're willing to accept. If you're interested in trading, investing in Libya, or importing/exporting goods from/to the country, there have been various new laws implemented since 2011 that have streamlined trade permits and import/export restrictions. Foreign corporations can now own 100% of their Libyan subsidiaries (up from 60% previously), although Libyan residents must still own the majority of them. As Foreign companies with a minimum capitalization of $50,000 can also open completely owned subsidiaries in Libya as of 2015. There are plenty of local business opportunities for investors hoping to profit from Libya's reconstruction effort:

 

Reasons for starting a business in Libya

Libya's economy is based on free market principles. Petroleum, petroleum products, natural gas, and petrochemicals are all produced and exported. The working force numbers over 5 million people, with women accounting for 52% of the workforce, and unemployment is at 20%. If you want to start a business in Libya but don't know where to start, this is the place to go.

The Libyan economy is mostly based on oil profits, which account for 80% of export earnings, 45% of GDP, and 90% of government revenues. Oil production expansion aided in accelerating economic growth from 1.4 percent per year between 1969 and 1999 to 4.1 percent per year between 2000 and 2008. Reasons for getting started

 

Business-Friendly Policies and Government Initiatives;

As a new entrepreneur, you may be wondering if your country is good for business; as of 2016, enterprises that are at least 51 percent Libyan-owned, employ at least 100 people, and have at least $1 million in paid-up capital are eligible to apply for an operating licence. A business that meets these requirements will be granted a five-year license; businesses with fewer than 100 employees will be granted a four-year license. In addition, businesses with yearly revenues of less than $10 million can operate without obtaining a licence, but must file annual income tax filings. Currently, all foreign investors who intend to create or acquire a business must comply with Law No. 10/2012 on Investment Promotion. A stake of more than 20% in any corporate entity requires authorization from the General People's Committee on Foreign Investment (GPC). Prior notification is what it's called, and it's issued based on a set of general criteria established by The GPC.

 

Libya Industrial Infrastructure

Libya has a plethora of industrial facilities. It has a well-developed infrastructure within its borders, making it an ideal setting for companies looking to enter Libya's competitive industrial sector. However, before deciding whether or not to do business in Libya, there are various aspects to consider. This will assist you in ensuring that your business has every possibility to succeed and profit while doing so. Here are a few examples of what I'm talking about:

Libya's economy is driven by oil production and exports (80% of GDP), which account for the majority of the country's foreign exchange revenues. Agriculture, industry, and services are the three primary sectors after oil. Agriculture was once a significant element of Libya's economy, but it has since collapsed. During WWII, land was repurposed for different use. It now accounts for only approximately 3% of GDP while employing 12% of the workforce. Fishing also offers sustenance for locals; Libyans devour more fish per capita than anyone else in the planet—roughly 140 pounds per year! In 2010, industry provided 40% of GDP and employed 16% of the workforce. Petroleum products, textiles, apparel, refined petroleum products, chemicals, construction materials, plastics items, and processed foods among its most well-known products. Despite not having as many natural resources as many of its neighbours, Libya has proven deposits of high-grade crude oil that account for nearly all of its export profits.

 

What are the steps for Starting a Business in Libya

Seek guidance and make meticulous plans.

-Applications for permits, licences, and other authorizations are required.

-Decide on the structure of your company.

-Decide on a suitable site for your company.

-Determine finance sources as well as capital needs, such as property and equipment acquisitions or leasing expenditures.

-Draft a start-up plan with cash flow predictions (including a timetable).

-Decide how you'll get the goods and services you'll need for your firm.

-Choose the accounting system that will be used.

-If applicable, finalise contracts with vendors, contractors, employees, landlords, and others.

-Make sure you have both general liability and workers' compensation insurance.

 

Market Size of Libya

The market is expected to be worth more than $30 billion, or more than half of Tunisia's Gross Domestic Product (GDP). To put that in perspective, that is twice the size of Morocco's GDP and three times the size of Egypt's. Consumer spending on health care, education, food and beverage, tourism and travel, telecommunications equipment and services, automotive sales, and construction materials is included in this statistic. Libya's economy has been quickly rising since 2003, and it is anticipated to rise by 8% in 2011. In reality, according to Global Insight, a U.S.-based research organisation, Libya will be among Africa's fastest-growing economies over the next five years, with annual growth averaging 7%.

 

Industrial growth

Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have a nominal GDP of more than $100 billion by 2017, and will be one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export. Libyans consume the most water per capita in Africa, with each Libyan consuming 230 litres a day on average. Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have reached a point of no return by the end of the year. It will have a nominal GDP of more than $100 billion, making it one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Bicycle Tyres - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Bicycle tyre is the backbone of the cycle industries. There are few numbers of organized manufacturing companies are engaged in the quality grade cycle tyres and few unorganized private companies also engaged to manufacture bicycle tyres. Basic raw materials for bicycle tyre is natural rubber, synthetic rubber, carbon black, zinc oxide etc. It is used to assembling in the cycles as leg. It is the movable parts of the cycles by which cycles can run from one place to another. Basic Plant & machineries and technology indigenously available. The demand of bicycle tyres is increasing day by day. It is requires some new units establishment. There is good market potential as well as export potential. Good scope for new investment.
Plant capacity: 4000 Nos./DayPlant & machinery: Rs. 36 Lakhs
Working capital: Rs. 57 LakhsT.C.I: Rs. 163.0 Lakhs
Return: 59.50%Break even: 38.47%
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Toilet Soap - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

In the modern society due to awareness towards the hygiene, Toilet soap has how become the necessity of life. Urbanization and development to tourism industry has led to both increase in demand and improvement in the product quality. New technologies have also contributed their bit in the development process. As a result today the markets are flooded with a variety of soaps varying in both physical and functional attributes. Various types of soaps available can broadly be categorized into three categories namely perfumed soap, carbolic soaps and medicated soaps. There is a tremendous scope for production in both of small and large scale due to the exponential growth of soap demands. The new entrepreneur can invest in this project.
Plant capacity: 1000 Kgs/DayPlant & machinery: Rs. 8 Lakhs
Working capital: Rs. 38 LakhsT.C.I: Rs. 76 Lakhs
Return: 49.41%Break even: 40.34%
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Detergent Cake & Washing Powder - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Detergent are complete washing or cleaning products. The synthetic detergent industry is one of the largest chemical process industries. Some important uses of detergent cake and powder are in hand soaps and shampoo; special protective creams, like cold creams, varnishing creams; cosmetics; cleaning of glass, metal painted surfaces; washing and treatment of food; household washing; removal of gelatine films; making antiseptic soaps etc. Detergent are doing an infinitely superior job of cleaning. Present demand for detergent is 29,25,000 tonnes while that of soap is 12,55,000 tonnes. This industry has vast resources for earning profit and is a good investment policy for entrepreneurs.
Plant capacity: 600 Kgs/ DayPlant & machinery: Rs. 3 Lakhs
Working capital: Rs. 12 LakhsT.C.I: Rs. 28 Lakhs
Return: 35.06%Break even: 55.03%
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Liquid Detergent - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

When detergent is mentioned, the cake, bar or powder usually comes to mind. For small manufacturers, the best advice on making liquid detergents is to purchase an intermediate dodecyl benzene sulphonic acid (DDBSA) better known as acid slurry from primary producers. Liquid detergents which actually proceeded powders, are used mainly for fine wash and dish washing. It can undoubtedly be said that liquid detergents are an important part of today?s cleanser markets of developed countries. In India, liquid detergent is still under development stage, except that is used in large quantities in textile mills for wet processing for textile goods. There are few organized and many unorganized sectors engaged in the manufacturing of liquid detergent. It has got good market over solid detergent. So it can be concluded that few entrepreneurs may enter in this fields.
Plant capacity: 400 Kgs/DayPlant & machinery: Rs. 15 Lakhs
Working capital: Rs. 17 LakhsT.C.I: Rs. 61 Lakhs
Return: 26.03%Break even: 60.43%
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Wooden Furniture - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

The furniture making is an ancient art in India before centuries. The expertise of India in manufacturing furniture was accepted by all the parts of the world. Wooden furniture is made in cottage and house holds industries. It is also made in small to large scale sectors. However, it is labour intensive industry and therefore has developed more in small and cottage sector than organized sector. The industry at present is concentrated much in the states of Tamil Nadu, Madhya Pradesh, Kerala, Maharashtra, West Bengal, Andhra Pradesh, U.P. and Gujarat. Wooden furniture provides very good domestic as well as export market scope subject to various designs it can be innovated and the price stability can maintain.??
Plant capacity: 20 Pcs/DayPlant & machinery: Rs. 4 Lakhs
Working capital: Rs. 5 LakhsT.C.I: Rs. 13 Lakhs
Return: 111.00%Break even: 26.99%
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Wooden Furniture (With Mediocre Automation) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The term wooden furniture is used for articles of daily use in dwelling house, place of business, public buildings, and includes items such as chairs, tables, beds, safes, sofa sets, almirahs, cabinates etc. are made of wood. The furniture making is an ancient art in India before centuries, the expertise of India in manufacturing furniture was accepted by all the parts of the world. This type of industries are mostly free from pollution. Market demand of wooden articles are gradually increases, but there is short supply because of non-availability of proper woods, Wooden furniture is always enjoy a ready market and selling quality furniture with elegant get up trends an easy access to the consumer market. There is bright scope of export of wooden furniture. Any new entrepreneur may enter in this industry.
Plant capacity: 20 Articles/DayPlant & machinery: Rs. 13 Lacs
Working capital: Rs. 28.0 LacsT.C.I: Rs. 73 Lacs
Return: 42.81%Break even: 48.28%
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Nerol Soap and Detergent - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Chemically speaking soaps are salt of fatty acid, generally mixture of various such salts. Based upon their properties, soaps are broadly classified into types namely water-soluble and water insoluble. Fatty acid salts of alkali metals like sodium, potassium etc. Raw materials required for detergent. Therefore the detergent active is blended with certain organic and inorganic additives for producing finished detergents either as powder or as liquids. It is available in the market in various trade names such as Nerol Soap and Detergent etc. Detergents are doing an infinitely superior job of cleaning. There is a very few in organized sector are engaged in the production of Nerol Soap. But there are many private organizations engaged in the manufacturing of Nerol type soaps. The indigenous demand growth is 5% per annum. Detergent as a constituent of the over all chemicals industry accounts for a near 9% of the total demand for all chemical estimated at around Rs. 150 bn. Detergents chemically known as Alfa olefin sulphonates are used as fabric brightening agent anti deposition agent ,stain remover and as a bleacher. Nerol Soap and Detergent used for cleaning dirty clothes.
Plant capacity: 1200.00 MT/YearPlant & machinery: Rs. 54 Lakhs
Working capital: -T.C.I: Rs. 131 Lakhs
Return: 48.00%Break even: 66.00%
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Rice bran oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Rice bran oil is an important oil in soap industry. It is obtained from heat treatment of the fresh bran. Rice bran contain about 18-20% of oil other constituents are oleic Acid 40-50% and 29-42% saturated acid. Crude and edible oil are two grades of bran oil. It is used as a shortening. Rice bran wax is an important by-product of rice bran oil industry.
Plant capacity: 280 MT/DayPlant & machinery: Rs. 766.0 Lacs
Working capital: Rs. 3673 LacsT.C.I: Rs. 5214 Lacs
Return: 56.87%Break even: 30.74%
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Jatropha Plantation and Oil Extraction (Used As Bio Fuel) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Jatropha curcus is a drought-resistant perennial, growing well in marginal/poor soil. It is easy to establish, grows relatively quickly and lives, producing seeds for 50 years. Jatropha the wonder plant produces seeds with an oil content of 37%. The oil can be combusted as fuel without being refined. It burns with clear smoke-free flame, tested successfully as fuel for simple diesel engine. The by-products are press cake a good organic fertilizer, oil contains also insecticide. It is found to be growing in many parts of the country, rugged in nature and can survive with minimum inputs and easy to propagate. Medically it is used for diseases like cancer, piles, snakebite, paralysis, dropsy etc. Jatropha grows wild in many areas of India and even thrives on infertile soil. A good crop can be obtained with little effort. Depending on soil quality and rainfall, oil can be extracted from the jatropha nuts after two to five years. The annual nut yield ranges from 0.5 to 12 tons. The kernels consist of oil to about 60 percent; this can be transformed into biodiesel fuel through esterification. Family: Euphorbiaceae Synonyms: Curcas purgans Medic. Vernacular/common names: English- physic nut, purging nut; Hindi - Ratanjyot Jangli erandi; Malayalam ? Katamanak; Tamil ? Kattamanakku; Telugu ? Pepalam; Kannada ? Kadaharalu; Gujarathi ? Jepal; Sanskrit ? Kanana randa. Distribution and habitat It is still uncertain where the centre of origin is, but it is believed to be Mexico and Central America. It has been introduced to Africa and Asia and is now cultivated world-wide. This highly drought-resistant species is adapted to arid and semi-arid conditions. The current distribution shows that introduction has been most successful in the drier regions of the tropics with annual rainfall of 300-1000 mm. It occurs mainly at lower altitudes (0-500 m) in areas with average annual temperatures well above 20�C but can grow at higher altitudes and tolerates slight frost. It grows on well-drained soils with good aeration and is well adapted to marginal soils with low nutrient content. Botanical Features It is a small tree or shrub with smooth gray bark, which exudes a whitish colored, watery, latex when cut. Normally, it grows between three and five meters in height, but can attain a height of up to eight or ten meters under favourable conditions. Leaves It has large green to pale-green leaves, alternate to sub-opposite, three-to five-lobed with a spiral phyllotaxis. Flowers The petiole length ranges between 6-23 mm. The inflorescence is formed in the leaf axil. Flowers are formed terminally, individually, with female flowers usually slightly larger and occurs in the hot seasons. In conditions where continuous growth occurs, an unbalance of pistillate or staminate flower production results in a higher number of female flowers. Fruits Fruits are produced in winter when the shrub is leafless, or it may produce several crops during the year if soil moisture is good and temperatures are sufficiently high. Each inflorescence yields a bunch of approximately 10 or more ovoid fruits. A three, bi-valved cocci is formed after the seeds mature and the fleshy exocarp dries. Seeds The seeds become mature when the capsule changes from green to yellow, after two to four months Flowering and fruiting habit The trees are deciduous, shedding the leaves in the dry season. Flowering occurs during the wet season and two flowering peaks are often seen. In permanently hu-mid regions, flowering occurs throughout the year. The seeds mature about three months after flowering. Early growth is fast and with good rainfall conditions nursery plants may bear fruits after the first rainy season, direct sown plants after the second rainy season. The flowers are pollinated by insects especially honey bees. Ecological Requirements Jatropha curcas grows almost anywhere , even on gravelly, sandy and saline soils. It can thrive on the poorest stony soil. It can grow even in the crevices of rocks. The leaves shed during the winter months form mulch around the base of the plant. The organic matter from shed leaves enhance earth-worm activity in the soil around the root-zone of the plants, which improves the fertility of the soil. Regarding climate, Jatropha curcas is found in the tropics and subtropics and likes heat, although it does well even in lower temperatures and can withstand a light frost. Its water requirement is extremely low and it can stand long periods of drought by shedding most of its leaves to reduce transpiration loss. Jatropha is also suitable for preventing soil erosion and shifting of sand dunes. Biophysical limits Altitude: 0-500 m, Mean annual temperature: 20-28 deg. C, Mean annual rainfall: 300-1000 mm or more. Soil type: Grows on well-drained soils with good aeration and is well adapted to marginal soils with low nutrient content. On heavy soils, root formation is reduced. Jatropha is a highly adaptable species, but its strength as a crop comes from its ability to grow on very poor and dry sites. A large genus of herbs, shrubs and trees distributed in the tropical and sub-tropical parts of the world, chiefly in Africa and America. About 9 species have been recorded in India; some of them are grown in gardens for their ornamental foliage and flowers. These plants has various uses, one use is as medicinal plant and another use is for extraction of different alkaloids. There is another most important part of the plants i.e. seeds oil. The seed oil can be used as biofuel. The plants are cultivated largely in the South America, France, and Africa. It is cultivated in the rainy season and fruits or seed yielded in the winter season. Leaves and plants are used for the extraction of different alkoloids, which is largely used for the preparation of different medicinal value products. The Jatropha seed available has 94% oil content. Jatropha oil has different use of which it can be used as biofuel. After extraction of oil seed waste can be used for making organic waste. In India it can be largely produced in the Assam, Orissa and Goa hills. As a whole Jatropha cultivation in India may open the new way of medicinal plant cultivation and the new way of starting the sources of bio fuel. Anybody may enter into this field will be successful.
Plant capacity: 24000.00 Kgs/AnnumPlant & machinery: Rs 30 Lakhs
Working capital: Rs 8 LakhsT.C.I: Rs 92 Lakhs
Return: 16.00%Break even: 66.00%
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Nerol Soap and Detergent - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Chemically speaking soaps are salt of fatty acid, generally mixture of various such salts. Based upon their properties, soaps are broadly classified into types namely water-soluble and water insoluble. Fatty acid salts of alkali metals like sodium, potassium etc. Raw materials required for detergent. Therefore the detergent active is blended with certain organic and inorganic additives for producing finished detergents either as powder or as liquids. It is available in the market in various trade names such as Nerol Soap and Detergent etc. Detergents are doing an infinitely superior job of cleaning. There is a very few in organized sector are engaged in the production of Nerol Soap. But there are many private organizations engaged in the manufacturing of Nerol type soaps. The indigenous demand growth is 5% per annum. Detergent as a constituent of the over all chemicals industry accounts for a near 9% of the total demand for all chemical estimated at around Rs. 150 bn. Detergents chemically known as Alfa olefin sulphonates are used as fabric brightening agent anti deposition agent ,stain remover and as a bleacher. Nerol Soap and Detergent used for cleaning dirty clothes.
Plant capacity: 1200.00 MT/YearPlant & machinery: Rs 54 Lakhs
Working capital: -T.C.I: Rs. 131 Lakhs
Return: 48.00%Break even: 66.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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