Siemens to build two gas-powered electricity plants in Libya

12th December 2017

By: African News Agency

  

Font size: - +

Germany’s Siemens says it has signed contracts worth some €700-million ($824-million) to build two gas-powered electricity plants in Libya, AP reports.

The plants are to be constructed in Misrata and Libya’s capital Tripoli, according to the Munich-based industrial conglomerate.

The value of the contracts with Libya’s state-owned General Electricity Company of Libya includes long-term service agreements.

No date of when the plants will begin operating has been given but the power plants are expected to increase Libya’s power generation capacity by approximately 1.3 GW.

Siemens recently announced moves to slash its international workforce by 6 900 due to a sharp decline in earnings and increasing competition from renewable energy sources.

Edited by African News Agency

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION