Power Shortages Shut LISCO

According to a report from Reuters, Libya's biggest steel firm has ceased production for at least the month of August due to power shortages.

The Chairman of the Libyan Iron and Steel Company (LISCO), Mohamed Abdelmalik al-Faqih, told the news agency that the closure of the Misrata-based plant would continue beyond August unless the power supply improved.

Faqih added that the closure would save 200 megawatts of electricity. The steel plant gets power mainly from gas production at the western Mellitah plant.

The company is Libya's biggest industrial company outside the energy sector.

(Source: Reuters)

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