On Wednesday, Libya’s General Electricity Company (GECOL) inked a $370 million deal with Greek EPC firm Metka to develop a 740MW power plant.
According to Xinhuanet, the plant will be located in the eastern Libyan city Tobruk.
Libya to improve power supply
The signing of the contract was attended by the Libyan Foreign Minister, Mohamed Sayala, and Secretary General for International Economic Relations of the Greece’s Foreign Ministry, Giorgos Tsipras, as well as officials of both companies, Xinhuanet reported.
The Greek firm said that the project will take 15 months to complete, and that the first generating unit will start functioning in September 2018.
“Libyan cities suffer daily power blackouts that last for as long as eight hours a day, according to the Libyan Electricity Company,” Xinhuanet said.
Fast track developments
In earlier news, GECOL and German conglomerate company, Siemens, signed a memorandum of understanding (MoU) to assist in the completion of the Ubari power plant.
According to the Libya Herald, the MoU will include urgent maintenance to various other power plants.
Sources told media that the German firm that the agreement signed ‘‘covers GECOL priorities and support that Siemens will provide especially with regards to fast-tracking the projects and giving high priorities to the service needs’’.
Libya power generation
The Libya Herald reported that “it is not clear if this agreement will indeed lead to increased power generation and hence a reduction of power cuts across Libya.
“The Faiez Serraj-led Presidency Council/Government of National Accord had promised that power cuts would be reduced this year. However, as temperatures have risen this summer, acute power cuts – including some total blackouts have already hit the country.” Read more…
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