Egypt’s Rowad Engineering Secures €1.15 Billion Power Contract in Derna

Egypt’s Rowad Engineering Secures €1.15 Billion Power Contract in Derna (News Central TV).

 

Libya’s Prime Minister Abdel-Hamid Dbaiba has authorised the General Electricity Company of Libya (GECOL) to contract Egyptian Rowad Engineering and Construction Company to implement the Derna gas station project for a total of €1.15 billion euros.

Dbaiba’s decision takes into consideration additional work included in the contract to connect the station to the public network, at a value of €106,868,301. The contract also included long-term maintenance, including spare parts supplied by the unit manufacturer, worth €135,000,000.

 Egypt’s Rowad Engineering Secures  €1.15 Billion Power Contract in Derna (News Central TV)

A consortium consisting of Asseco Group and Shaker Group has also been contracted for an amount of €12,570,000 as a consultant to the project, this brings the total to €1.15 billion euros.

The Head of GECOL, Wiam Al-Abdalli said Libya reached the highest level of power consumption in its history, hitting a high of 8,125 megawatts, while GECOL’s network total generation was 5,200 megawatts.

Al-Abdalli told the Hokometna social platform on Monday that he expects improvement in power conditions after the recent heatwave passed. He added that GECOL managed to control the network during the heatwave this time, unlike last year.

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