Agreement to solve Libya's electricity woes signed

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Agreement to solve Libya's electricity woes signed

August 24, 2017 - 15:23
Written by: HousamNajjair

The General Electricity Company of Libya (GECOL) and the Libyan Fund for Internal Investment signed an agreement in Tripoli on Wednesday to finance the construction and maintenance of electric power plants in the western and eastern regions of Tripoli, Misrata and Tobruk with a total capacity of more than 2000 megawatts.

The execution of these plans are due to start next October and completion is estimated to take twelve to eighteen months. The agreement signing ceremony was attended by the President of the UN proposed Presidential Council Fayez Sarraj, the Chairman of the Board of Directors of GECOL and the Internal Investment Fund.