TotalEnergies, GECOL discuss launch of solar project in Libya

• French power major TotalEnergies SE (EPA: TTE) and also power manufacturer General Electricity Company of Libya (GECOL) have actually gone over the launch of a project for the building and construction of a solar power plant in the North African nation.

The talks, that took place on Thursday, worried the arrangements needed for the start of the project and were held by GECOL's chairman of the board of supervisors as well as the local director for the Middle East as well as North Africa at TotalEnergies, Libya's state-owned electricity company stated in a quick statement.

The conversations comply with a Memorandum of Understanding (MoF) that was authorized between the two companies last November for the development of 500 MW of solar photovoltaic (PV) projects in Libya. As announced in 2015, the planned solar farms will be feeding electricity to the nationwide power grid as well as perseverance industrial facilities at the Waha oil area.

Information regarding the projects have not been divulged.