Tobruk Power Redux

State power firm Gecol has awarded a $400mn deal to Greece’s Mytilineos (was Metka) for a 650MW power plant at Tobruk, an apparent reissue of an $380mn EPC deal awarded by rival state power firm Gaerel.

Metka had said its original deal with Gaerel, set up by the Tobruk-based House of Representatives, was subject to final approval by the “responsible state authorities” to only become effective “upon the opening of an irrevocable letter of credit” ( MEES, 3 February ). This does not appear to have been secured.

The re-award comes amid political detente ( MEES, 6 October ). Gas supply remains a problem: Libya’s coastal trunk pipeline ends 400km short of Tobruk so the plant’s four GE gas turbines will have to initially burn diesel in open cycle mode. (CONTINUED - 188 WORDS)