No Result
View All Result
Thursday, July 10, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Libya encourages Korean companies to return to restart stalled projects

bySami Zaptia
February 16, 2017
Reading Time: 1 min read
A A
Libya encourages Korean companies to return to restart stalled projects

The Serraj-led PC/GNA is attempting to lure South Korean companies back to Libya in order to resume their stalled projects (Photo: GECOL).

By Sami Zaptia.

The Serraj-led PC/GNA is attempting to lure South Korean companies back to Libya in order to resume their stalled projects (Photo: GECOL).
The Serraj-led PC/GNA is attempting to lure South Korean companies back to Libya in order to resume their stalled projects (Photo: GECOL).

London, 16 February 2017:

An official Libyan delegation representing the Serraj-led Presidency Council/Government of National Accord (PC/GNA) visited South Korea on Tuesday in an effort to persuade its authorities to permit their companies to return and resume their stalled projects in Libya.

The Libyan delegation included the PC/GNA-recognized chairman of the General Electricity Company of Libya (GECOL), Abdulmajid Hamza, who met with South Korea’s Deputy Minister of Land, Infrastructure and Communications, Kim Kyung-Hwan as well as contracting companies.

Hamza encouraged the South Koreans to resume their work in Libya in general, but more specifically resume work on the three power stations they are contracted for: Zuetina, Tripoli West and the Sirte Gulf stations. The discussions included security, legal and financial matters, as well as the Korean authorities lifting their current travel ban on their companies to Libya.

RELATED POSTS

Misratan businesses to escalate protests against increased commercial electricity tariff

Increased summer peak-time electricity prices only for high consumption commercial entities: GECOL

 

GECOL reports that it has gained an agreement from the South Koreans to allow their companies to resume their stalled projects in Libya (Photo: GECOL).
GECOL reports that it has gained an agreement from the South Koreans to allow their companies to resume their stalled projects in Libya (Photo: GECOL).

 

GECOL reports that its efforts were successful in persuading the Koreans to return and that the Deputy Minister undertook to lift the travel ban as soon as possible. A roadmap for the return of South Korean companies was also agreed upon at the meeting. No further details of this so-called roadmap were made available.

It is yet to be seen if this agreement materializes, but if it does, it would be a major boost to the Serraj-PC-GNA, if the Koreans can help increase Libya’s electricity generation capacity. If the agreement goes ahead, it would follow in the footsteps of the January agreement to get Turkish contractors Enka to resume work on the Obari power station.

Tags: Abdulmajid Hamza PC/GNA chairman GECOLEnka TeknikfeaturedGECOL General Electricity Company of LibyaObari power stationSouth Korea

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba: Militias have become criminal gangs and a state within the state

July 9, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Libyan Russian Economic Forum starts in St. Petersburg
Libya

Libyan Russian Economic Forum starts in St. Petersburg

June 27, 2025
MoI establishes Elections Security and Protection Department
Libya

Aldabaiba and Menfi stress use of polling feedback to establish consensus basis for constitutional process: report and analysis

June 26, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

“There is no state built by gangs and criminality, it’s built by engineers, youth, consultants, security, police and army”: Aldabaiba

June 23, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

187 new security posts taken over from militias – PM declares victory for the state as all vital Tripoli sites come under its exclusive control for the first time since 2011

June 19, 2025
Next Post
First UK business delegation in Benghazi in three years looks to ties with AGOCO

First UK business delegation in Benghazi in three years looks to ties with AGOCO

Italians hungry for Libyan business “but not at the cost of their lives”

Italians hungry for Libyan business "but not at the cost of their lives"

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

    0 shares
    Share 0 Tweet 0
  • Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Aldabaiba opens First Phase of Tripoli’s Third Ring Road

BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.