Siemens has been awarded €700m engineering procurement and construction contracts by the state-owned utility General Electricity Company of Libya (GECOL) to build 1.3GW of power generation plants in the country.
Under the contract. Siemens will be responsible for the construction of the a 650MW open cycle power plant in Misrata as well as 690MW open cycle power plant in Tripoli West.
The power plant in Misrata will feature two F-class gas turbines while the facility in Tripoli will comprise four E class gas turbines. The contracts also include long-term service agreements.
Siemens president and CEO Joe Kaeser said: `Libya needs a reliable and affordable power supply to set the stage for a prosperous and promising future for the Libyan people.
`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.“
Siemens Power and Gas Division CEO Willi Meixner said that around 30% of installed power generation capacity in Libya is based on Siemens technology.
Meixner added: `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.“
Earlier this month. the company signed contracts with the Iraq Ministry of Electricity to upgrade four power plants to provide safe and reliable electricity in the country.
Under the contracts. Siemens will be responsible for providing critical service and maintenance as well as upgrade services for seven power generating units at four power plants.
The four undisclosed power plants are located in the areas of South Basra. Salah El Deen. Middle Region and Middle Euphrates.
Tags CEO Development Economic development Energy Business Review (EBR) Europe Germany Infrastructure International International Companies International News Agency Power Plant Siemens Technology
Check Also
North America’s Microchip Revolution Is Underway
As the U.S. strives to develop stronger regional supply chains for several key components supporting …