Greek company METKA has announced that it has concluded an agreement with the General Authority for Electricity and Renewable Energy of Libya (GAEREL) to carry out the engineering, procurement, and construction (EPC) contract for a new power plant in Tobruk, Libya Business News reported. The contract value for METKA amounts to $380m.

The project eyes a total output of more than 500MW and includes the supply and installation of three General Electric GT13E2 gas turbines in open cycle configuration, together with all associated balance of plant equipment and a 220/66kV substation, The Libya Observer informed.

The contract is subject to final approval from the Libya’s Government.

The project will be carried out on a fast-track schedule so that the first gas turbine will be ready to connect to the grid within nine months from commencement, and the second and third gas turbines will be ready for connection within 10 and 11 months respectively.

This is METKA’s first major project in Libya and emphasizes the company’s commitment towards supporting markets with critical needs for power.