Comment on Germany's Siemens to build 2 power plants in Libya

Germany's Siemens to build 2 power plants in Libya

BERLIN (AP) — Germany's Siemens says it has signed contracts worth some 700 million euros ($824 million) to build two gas-powered electricity plants in Libya. The Munich-based industrial conglomerate said Monday that the plants will be built in Misrata and Tripoli and that the value of the contracts with the state-owned General Electricity Company of Libya includes long-term service agreements. It said the deal will expand Libya's power generation capacity by about 1.3 gigawatts, but didn't specify in a statement when the new plants will start operation. The deal comes weeks after Siemens AG announced plans to cut about 6,900 jobs worldwide at its power, gas and drives divisions, half of them in Germany.Read more on NewsOK.com

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News