Libya’s state-owned General Electricity Company signed a $370 million contract with Greece’s METKA to build a power plant in the eastern Libyan city Tobruk.
Metka is the business unit of the Greek company Mytilineos S.A., undertaking the construction of large-scale projects in the sectors of energy, infrastructure and defence.
The Libyan General Electricity Company said that the power plant would consist of four units, producing a total output of about 740MW.
The company confirmed that the project will take 15 months to complete, and that the first generating unit will start functioning in September 2018.
The signing of the contract was attended by the Libyan Foreign Minister, Mohamed Sayala, and Secretary General for International Economic Relations of the Greece’s Foreign Ministry, Giorgos Tsipras, as well as officials of both companies.
Libyan cities suffer daily power blackouts that last for as long as eight hours a day, according to the Libyan Electricity Company.
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