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Decision No. 760 of 2025: Reconstitution of General Electricity Company General Assembly

29-10-2025ยทู…ุฌู„ุณ ุงู„ูˆุฒุฑุงุกยทุงู„ุทุงู‚ุฉ
Analysis
Summary

The Council of Ministers reconstitutes the General Assembly of Libya's state-owned General Electricity Company, designating the Prime Minister as Chairman and including six ministerial-level officials as members. This replaces the previous governance structure established in 2021.

Business Implication

This decision signals continued centralized government control over Libya's electricity sector with no apparent private sector representation in governance. Foreign power generation, transmission, or infrastructure investors should note that strategic decisions rest entirely with political appointees across multiple ministries. The involvement of Oil & Gas, Finance, Housing, and Industry ministries suggests cross-sectoral coordination on power issues, which may affect PPP negotiations or concession timelines. However, this is primarily an internal restructuring with no immediate regulatory changes for existing market participants.

Key Provisions
Prime Minister designated as Chairman of GECOL General Assembly
Assembly comprises seven officials: PM plus Ministers of Communications, Planning, Oil & Gas, and three ministry undersecretaries
Supersedes previous Council of Ministers Decision No. 27 of 2021
Effective immediately from date of issuance (29 October 2025)
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