Tag Archives | Alstom

Tax Break for Malta's Libyan CEOs

Malta Today reports that the bosses of Libyan companies operating in Malta will not be paying any income tax in 2013. According to the report, the then Maltese Finance Minister, Tonio Fenech, decreed in February 2013 that various Libyan directors and managers employed in Maltese-owned companies are to be exempted from income tax. The exemption […]

Alstom Confirms €250m Contract in Libya

France's Alstom has confirmed that in late December 2012 it signed a €250 million contract with the General Electricity Company of Libya (GECOL) to supply spare parts for 11 gas turbine units at five different power plant locations. The 11 GT13 turbines were originally provided by Alstom. The contract also includes a package of strategic […]

GECOL Signs $316m Deal with Alstom

Libya’s General Electricity Company (GECOL) has signed a contract with the French-based Alstom for a massive overhaul of Libyan gas units. The deal, valued at 395 million Libyan dinars ($316 million), will see Alstom provide Libya with equipment and spare parts for the overhaul and development of its gas units. The contract will be completed […]