South Korean Hyundai returns to Libya in early 2018
The South Korean company, Hyundai, announced it was going to return to Libya in early 2018 to complete suspended power plant project, according to a Libyan government official.
“South Korean delegation, including South Korean embassy officials and representatives of Hyundai, held talks with officials of the General Electricity Company regarding security arrangements for the Company’s sites in Libya, in preparation for the of…ficial return of Hyundai,” an official of the General Electricity Company of Libya (GECOL) told Xinhua.
He added that the Korean delegation visited the municipality of Janzur, just outside of the capital Tripoli, and personally saw the security arrangements necessary to secure the location of the western Tripoli power plant project. It was agreed that the project’s contractor Hyundai will return in January or February 2018.
South Korean companies demanded in November security guarantees for their return to Libya and resuming suspended power plant projects.
Unknown gunmen earlier in November kidnapped four foreign workers, three Turks and one German, who worked in a power plant in the southern Libyan city of Ubari, 1,100 km south of the capital Tripoli. After security forces failed to free the four workers, the remaining 300 foreign workers left the city, leading to the return of the power shortage in the country.