SIEMENS BUILDS FOR LIBYA
PENNENERGY - 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.
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