Middle East Economic Survey
VOL. LIII
No 35
30-Aug-2010
LIBYA
GECOL Awards Power Plant Deal To Daewoo
State-owned General Electricity Company of Libya (GECOL) has awarded a $426mn contract to South Koreas Daewoo Engineering and Construction to build a new power plant in Libya. The contract involves the construction of a 750mw power plant at Zuwaitina, 140km south west of Benghazi. The facility is the fourth major power contract to be awarded to Daewoo in Libya since 2003, and is expected to be...
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