VOL. XXXIX

No. 40

1-July-1996

LIBYA

Libya Awards Power Modernization Contract To Babcock Of Germany

Libya has awarded a five-year contract covering the modernization and rehabilitation of five coastal power and desalinations plants to Babcock Lentjes Kraftwerkstecknik of Germany. The first eight-month phase of the contract is worth $40mn, but the company estimates the full value of the project at more than $130mn. The contract covers the modernization of oil burning and gas fired power...