GECOL

AcronymDefinition
GECOLGeneral Electric Company of Libya
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Speaking at the GECOL-IFS Conference were Abulgasem Uneas - GECOL Chairman, Alastair Sorbie - IFS CEO, Dan Matthews - IFS Chief Technology Officer and Ian Fleming - Managing Director, IFS Middle East, Africa, South Asia.
The GECOL Chairman speaking at the conference said: "Due to new legislation setting corporate governance standards for institutions in Libya, GECOL needed a more market-driven approach and had a requirement to improve performance by implementing industry best practise processes.
The collaboration with the Ministry and GECOL strengthened a few months later, when APR Energy was able to step in and provide additional power, filling a gap in supply when, according to APR, other generation vendors failed to execute on their proposed solutions.
GECOL expanded the contract with APR Energy to include an additional 200 megawatts of fuel-efficient diesel power modules over two sites.
Recognizing the challenges that the summertime heat can cause, GECOL set out to find a reliable source of backup power.
The order was placed by Libyan public utility GECOL, Hyundai said in a filing with the Korea Exchange.
GECOL recognized the need to get power fast given rapid increases in demand and turned to GE to provide the best solution, said Lorraine Bolsinger, president and CEO, GE s Distributed Power business.
The project will improve safety and production at the plants, while reducing maintenance costs, GECOL said.
According to GECOL, the project will boost safety and production at the plants, and will also result in reducing maintenance costs.
Libya continues to face growing demand for power, and we look forward to continue delivering solutions to GECOL and the Ministry in supporting the ongoing electricity needs of the Libyan people.
A joint venture firms formed by GECOL and Alstom, ALGEC GT Services, will partially carry out the service part of the inspection works.