Mytilineos signs 400-mln-euro energy contract in Libya

Mytilineos Group announced the signing of an agreement with GECOL, Libya’s State Electricity Authority, to design, supply and build a new electricity power unit in Tobruk, Libya.

The agreement was signed on Thursday in Tripoli at the presence of GECOL’s CEO Abdul Majid Hamza and representantives of the company from Tripoli, Benghazi and Tobruk, a representation of General Electric -the supplier of air turbines- and Evangelos Mytilineos, chairman and CEO of Mytilineos Group. G.Tsipras, secretary-general of International Economic Relations in the Foreign Affairs ministry, represented the Greek government.

The new unit will have a power of more than 650 MW and will use natural gas as fuel. The agreement includes the supply and installation of four General Electric GT13E2 air turbines in an open circle formation and all related equipment, along with a sub-power station of 220/66kV. The contract is worth 400 million euros.

Under the plan, the first air turbine will be ready for connection to the grid in nine months after
beginning of works. It is the first project by Mytilineos Group in Libya, a country with fundamental energy needs and demands. Evangelos Mytilineos said that the project will contribute significantly to the supply of electricity power in the country, helping in the reconstruction of Libya.