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

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.