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Egyptian Company to Build Electricity Station in Derna for €1.15 Billion

July 20, 2021
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Prime Minister of Libya’s Government of National Unity (GNU), Abdel-Hamid Dbaiba, authorized the General Electricity Company of Libya (GECOL) to contract by direct assignment with the Egyptian Rowad Engineering and Construction Company to implement the Derna gas station project for a total of €1.15 billion euros.

According to Dbaiba’s decision, the contract includes additional work to connect the station to the public network, at a value of €106,868,301. The contract also included long-term maintenance, including spare parts supplied by the unit manufacturer, worth €135,000,00.

In addition to contracting with a consortium consisting of Asseco Group and Shaker Group for an amount of €12,570,000 as a consultant to the project, this brings the total to €1.15 billion euros.

Last month, the Head of GECOL, Wiam Al-Abdalli, said Libya reached the highest level of power consumption in its history, hitting a high of 8,125 megawatts, while GECOL’s network total generation was 5,200 megawatts.

Al-Abdalli told the Hokometna social platform on Monday that he expects electricity conditions will improve after the recent heatwave passed. He added that GECOL managed to control the network during the heatwave this time, unlike last year.

Tags: DernaEgyptElectricity Stationlibya
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