ECONOMY

Mytilineos lands project in Libya

Mytilineos lands project in Libya

Greek group Mytilineos signed an agreement with the General Electricity Company of Libya on Wednesday for the engineering, procurement and construction of a new electricity production unit at Tobruk. The deal, signed in the Libyan capital Tripoli, concerns a vital unit for the Libyan grid, using natural gas and with a total output of over 650 megawatts.

It will start operating some nine months after the beginning of works on the project, which is being granted fast-track status. This is the Mytilineos Group’s first project in Libya, which the Greek firm says is aimed at raising the living standards of local people.

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