Siemens has signed contracts with state-owned General Electricity Company of Libya (GECOL) to expand power generation capacity by 1.3GW in the country.
Under the contracts, Siemens will build a 650MW open cycle power plant in Misrata, with two F-class gas turbines, and a 690MW open cycle power plant in Tripoli West, which will have four E-class gas turbines.
The EPC contracts, including long-term service agreements, are worth €700m.
Siemens has been providing technology and expertise to Libya since the 1950s.
Siemens president and chief executive officer Joe Kaeser said: “Libya needs a reliable and affordable power supply to set the stage for a prosperous and promising future for the Libyan people.
“As a trusted partner, Siemens will provide Libya with innovative and sustainable infrastructure solutions that are essential for the economic development of the country and its people.”
Siemens’ power and gas division CEO Willi Meixner said: “Around 30% of Libya’s installed power generation capacity is based on Siemens technology that delivers electricity for two million people.
“After completion, the power plants in Misrata and Tripoli West will help the country to solve the ongoing challenges caused by frequent and unpredictable power cuts.”
Siemens, which has registered offices in Berlin and Munich, is a global technology company that has operations across the globe, focusing on electrification, automation and digitalisation.
The German company also produces energy-efficient, resource-saving technologies and supplies power generation and power transmission solutions, infrastructure solutions, and automation solutions.
GECOL is responsible for the transformational lines of energy and their distribution, the Electric control centres and the management of the operation and servicing of desalination stations in Libya.
It also manufactures equipments and materials which the company uses in cooperation with the specialised companies in this field. The company also offers the general services and services for the power industry.