Loading
For the Creation of a Strong and Sustainable Business Relationship
A Memorandum of Understanding, binding Sonelgaz and General Electricity Company Of Lybia (GECOL), was signed on 05 March 2019 at the Ben Aknoun Training Center (CBA), respectively by Mr. Mohamed Arkab, CEO of SONELGAZ and Mr. Abdelmadjid Mohamed Hamza, CEO of GECOL, in the presence of Mr. Mustapha Guitouni, Minister of Energy, Chargé d'Affaires of the Libyan Embassy in Algeria, executives of Sonelgaz and CEOs of several of its subsidiaries. This agreement is the result of several meetings held between the two companies, to identify areas requiring the creation and consolidation of strong and sustainable bases of cooperation.
Under this agreement, the Sonelgaz Group undertakes to provide the Libyan partner with services in the field of electricity production, namely: maintenance of electricity production plants, supply of spare parts and repair of defective equipment, as well as assembly and commissioning of all types and formats of plants. The Sonelgaz Group will also provide training in these areas. Note that this cooperation could be extended to all other forms of mutual aid in the field.
In his speech, Sonelgaz CEO expressed his pride for Sonelgaz's achievements in the field of maintenance of means of production. He noted that the approach we followed allowed us to reduce our dependence on foreign partners in this area and to train an Algerian workforce with proven skills and expertise. Mr. Arkab also noted with satisfaction the progress achieved in the field of manufacturing of energy equipment. Finally, he hailed this initiative, which will strengthen cooperation between the two countries, especially in the fields of training and the transfer of technology, and will allow to exchange our experiences in exploiting these opportunities for structured and value-added cooperation.
GECOL CEO welcomed the signing of this MoU that marks the beginning of a sustainable cooperation between GECOL and Sonelgaz. Mr. Abdelmadjid Mohamed Hamza has expressed his wish to expand this cooperation to others areas of activity in the future, to incorporate the niche of electricity transportation.
Following the signing of this MoU, a joint committee in charge of monitoring the MoU implementation has been installed at the headquarters of Sonelgaz. This committee is composed of four representatives from Sonelgaz and four representatives from GECOL, assisted as necessary by skilled people in this field.
The Committee’s missions include the evaluation of progress of the implementation of this framework agreement, as well as the reflection and proposal of solutions to potential obstacles during its execution; the treatment of any disputes that may occur during the application of different contracts and the proposal of recommendations for amicable settlement of disputes. It missions also include the proposal of other cooperation areas.
