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Opportunitydecision Immediate

Decision 469/2022: Approval of Contract Award for Al-Heira Substation Renovation

30-05-2022·مجلس الوزراء·الطاقة
Analysis
Summary

The Council of Ministers approved the General Electricity Company's contract award to Al-Jeek Energy Company for renovation of Al-Heira Substation (11/10/30/220 kV) and operational testing. The contract value is LYD 2,787,848 (local portion) plus USD 1,275,288 (foreign portion), effective immediately.

Business Implication

This decision signals continued investment in Libya's aging electricity infrastructure, with contracts being awarded under the 2007 Administrative Contracts Regulation framework. For energy sector contractors and equipment suppliers, this demonstrates that GECOL procurement processes remain operational despite political fragmentation, though foreign currency allocation (USD 1.3M) indicates continued dependency on Central Bank forex access. The mixed LYD/USD payment structure reflects Libya's dual currency contracting reality.

Key Provisions
Contract awarded to Al-Jeek Energy Company for Al-Heira Substation 11/10/30/220 kV renovation and operational testing
Total contract value: LYD 2,787,848 (local component) plus USD 1,275,288 (foreign component)
Procurement and execution subject to 2007 Administrative Contracts Regulation compliance
Decision effective immediately from date of issuance (30 May 2022)
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