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Press Release11 December 2017Power and GasErlangen

Siemens signs contracts with GECOL to boost power generation capacity in Libya by 1.3 GW

New power plant projects in Misrata and Tripoli West
Contracts volume, including long-term service, in the range of 700 million euros

Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (GECOL) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). Under these contracts Siemens will build a 650 MW open cycle power plant in Misrata, equipped with two F-class gas turbines, and a 690 MW open cycle power plant in Tripoli West, equipped with four E class gas turbines. The total volume of EPC contracts, including long-term service agreements, is in the range of 700 million euros.

New power plant projects in Misrata and Tripoli West
Contracts volume, including long-term service, in the range of 700 million euros

Siemens signs contracts with GECOL to boost power generation capacity in Libya by 1.3 GW

"Libya needs a reliable and affordable power supply to set the stage for a prosperous and promising future for the Libyan people," said Joe Kaeser, President and CEO of Siemens AG. "As a trusted partner, Siemens will provide Libya with innovative and sustainable infrastructure solutions that are essential for the economic development of the country and its people," added Kaeser.

Siemens has been supporting Libya with technology and expertise since the 1950s. "Around 30 percent of Libya’s installed power generation capacity is based on Siemens technology that delivers electricity for two million people," said Willi Meixner, CEO of Siemens’ Power and Gas Division. "After completion, the power plants in Misrata and Tripoli West will help the country to solve the ongoing challenges caused by frequent and unpredictable power cuts," added Meixner.

@Siemens_Energy

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 372,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Alfons Benzinger

Siemens AG

Freyeslebenstr. 1
91058 Erlangen
Germany

+49 (9131) 18-7034

alfons.benzinger@siemens.com

Siemens signs contracts with GECOL to boost power generation capacity in Libya by 1.3 GW

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