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Home Business

Siemens power contracts worth €700 million

byMichel Cousins
December 12, 2017
Reading Time: 1 min read
A A

By Libya Herald reporter.

GECOL and Siemens sign contract for two new power stations (Photo: PC media office)
GECOL and Siemens sign contract for new Tripoli and Misrata power stations last week (Photo: PC media office)

Tunis, 11 December 2017:

The contract signed in Berlin under the gaze of PC head Faiez Serraj last week by GECOL and Siemens for two new power station is worth some €700 million.

Siemens made the announcement today. It will build two gas-powered stations, one in Tripoli, the other in Misrata. They will add 1.3 gigawatts to national capacity. Long-term service agreements are also part of the deal.

There has been no statement about when work will start or who is getting the civil works part of the project.

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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.

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