Daewoo to build two plants
General Electric Company of Libya (Gecol) is in final negotiations with South Korea's Daewoo Engineering & Construction over the engineering, procurement and construction (EPC) contracts for two identical 750-MW gas-fired combined cycle power stations at Misurata and Benghazi. The contracts are worth a combined $787 million $421 million for the Misurata plant and $366 million for the Benghazi plant. Construction on both plants is due to begin next month and end in 2010.
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