Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (GECOL) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin in the presence of Fayez Mustafa al-Sarraj, Chairman of the Presidential Council and Prime Minister of the Government of National Accord of Libya; Mohamed Taha Siala, the Libyan Minister for Foreign Affairs; and Sigmar Gabriel, Germany’s Vice Chancellor and Federal Minister of Foreign Affairs. Under these contracts Siemens will build a 650 MW open cycle power plant in Misrata, equipped with two F-class gas turbines, and a 690 MW open cycle power plant in Tripoli West, equipped with four E class gas turbines. The total volume of EPC contracts, including long-term service agreements, is in the range of 700 million euros. Courtesy Siemens AG
Siemens signed contracts with the state-owned utility General Electricity Company of Libya to expand Libya’s power generation capacity by approximately 1.3 gigawatts. Courtesy Siemens AG

Siemens signs €700 million in contracts to build power plants in Libya



Siemens signed €700 million worth of contracts to build power stations in Libya, which will boost the war-torn country's power generation capacity by approximately 1.3 gigawatts.

“Libya needs a reliable and affordable power supply to set the stage for a prosperous and promising future for the Libyan people,” said Joe Kaeser, president and chief executive of Siemens. “As a trusted partner, Siemens will provide Libya with innovative and sustainable infrastructure solutions that are essential for the economic development of the country and its people.”

The Munich-based firm signed the contract with the state-owned utility General Electricity Company of Libya and will build a 650 megawatts (MW) open cycle power plant in Misrata, equipped with two F-class gas turbines, and a 690MW open cycle power plant in Tripoli West, which will be powered with four E‑class gas turbines. Misrata is the third largest city in the North African country and was a frontline during the 2011 Libyan civil war that led to the fall of Muammar Qaddafi.

The total volume of engineering procurement and construction contracts, including long-term service agreements, is in the range of €700 million (Dh3.03 billion), the company said in a statement. Fayez Al Sarraj, chairman of the presidential council and prime minister of National Accord of Libya; Mohamed Siala, the Libyan foreign affairs minister; and Sigmar Gabriel, Germany's vice chancellor and federal minister of foreign affairs attended the signing ceremony in Berlin.

_____________

Read more:

_____________

Siemens has been present in the Libya since 1950s. Around 30 per cent of Libya’s installed power generation capacity is based on Siemens technology that delivers electricity for two million people, according to Siemens’ power and gas division chief executive Willi Meixner.

“After completion, the power plants in Misrata and Tripoli West will help the country to solve the ongoing challenges caused by frequent and unpredictable power cuts,” he added.

The Libyan contracts come in the wake of a slowdown in German industrial giant’s power and gas business as the demand for larger electricity generation gas turbines has slumped globally. The company, which is reorganizing the power business last month announced plans to eliminate about 6,900 positions across the globe and close factories.

Sunday's games

Liverpool v West Ham United, 4.30pm (UAE)
Southampton v Burnley, 4.30pm
Arsenal v Manchester City, 7pm

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

COMPANY PROFILE

Name: DarDoc
Based: Abu Dhabi
Founders: Samer Masri, Keswin Suresh
Sector: HealthTech
Total funding: $800,000
Investors: Flat6Labs, angel investors + Incubated by Hub71, Abu Dhabi's Department of Health
Number of employees: 10

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope


Latest
Most Read
Top Videos

Energy This Week

Expert analysis on oil & gas renewables and clean energy

      By signing up, I agree to The National's privacy policy
      Energy This Week