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Home Business

GECOL to establish PPP factories for electric metres, transformers and cables with local and foreign partners

bySami Zaptia
January 30, 2022
Reading Time: 1 min read
A A

By Sami Zaptia.

GECOL head Wiam Alabdali said his entity was considering PPP with local and foreign investors to establish factories for electric metres, transformers and cables (Photo: From archives by Sami Zaptia).

Tripoli, 30 January 2022:

The state monopoly General Electricity Company of Libya (GECOL) said it is to establish factories through Public Private Partnership (PPP) ventures with local and foreign investors for electric metres, transformers, and cables.

The news was revealed by GECOL chairman Wiam Al Abdali last Sunday after a meeting with the Privatisation and Investment Board (PIB). The projects revealed by Al-Abdali would be conducted through the tax advantages schemes offered by the PIB to investors.

 

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Tags: featuredGECOL chairman Wiam Al AbdaliGECOL General Electricity Company of LibyaPIB Privatization and Investment BoardPPP Public Private Partnership

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