Siemens signs 700-million euro contract for gas turbines with Libya
Reuters / manager-magazin.de
The German industry heavyweight Siemens has signed contracts worth about 700 million euros with the government of Libya to build two gas-fired power plants in the war-torn north African country, news agency Reuters reports. The company, which recently announced to cut thousands of jobs in its fossil power division, will add about 1.3 gigawatts to the country’s installed power generation capacity, Reuters says.
In a separate article on manager-magazin.de, Siemens CEO Joes Kaeser says the project in Libya was not going to alter the company’s plans to axe nearly 7,000 jobs in its fossil power division.
Read the Reuters article in English here and the manager-magazin.de article in German here.
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