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Libyan MP Denounces Suspension of GECOL Board

June 29, 2022
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Member of the Libyan Parliament, Al-Sayeda Al-Yaqoubi claimed that Prime Minister, Abdel-Hamid Dbaiba’s decision to freeze the Board of Directors of the General Electricity Company in Libya (GECOL) “is a failed attempt to absorb the anger of the street.”

“The Electricity Company’s Board of Directors has been frozen, and Mohamed Ismail is appointed as an executive director in a failed attempt to absorb the anger of the street. Even though the Board is a partner in what is happening. But the main problem is with you, Dbaiba. As a reminder, these words of yours will be returned to you, knowing that you have no covenant, and all your promises are non-binding, so where is Al-Siddiq Al-Sour?” Al-Yaqoubi tweeted.

On Sunday, Dbaiba suspended the Libyan GECOL Board, and referred them for administrative investigation.

Through resolution No. 288 of 2022, he appointed Mohamed Ismail as a temporary General Manager, under his direct supervision.

According to the Premier’s resolution, “the Board of Directors shall be temporarily suspended from work and referred for administrative investigation. The Libyan company shall be managed until its General Assembly is convened by a General Manager.”

Dbaiba also formed an investigation committee headed by the Minister of Planning, the Minister of Local Libyan Government, a member of the Legal Affairs and Complaints Department in the Cabinet, and a member of the company’s General Assembly, “to be named by its new manager.”

The Libyan PM set three tasks for the investigation committee:

1- Investigate the company’s delay in introducing new stations to the public power grid, according to the dates agreed upon by the Board of Directors.

2- Investigate the squandering of money allocated to the company during 2021, to solve the continuous power cut crisis.

3- Investigate the non-completion of contractual procedures for carrying out periodic maintenance projects.

  • Dbaiba Suspends Libya’s Electricity Company Board
  • GNA Finance Minister Restores Board of Directors of Libyan Foreign Bank
  • Libyan Parliament’s Energy Committee Stresses Need to Assign New Board to the NOC
  • Libyan Parliament Warns Central Bank of Failure to Finance New Government
  • Libyan Oil Minister Requests NOC’s Board of Directors be Changed
Tags: Abdulhamid DbaibaGECOLGECOL BoardlibyaLibyan MP
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