Politics contribute to APR’s Libya exit


Issue 294 - 13 Feb 2015 | 2 minute read
The near collapse of Libya’s electric power system ought to have provided an opportunity for APR Energy to achieve the much-delayed renewal of its 450MW rental contracts with General Electric Company of Libya (Gecol). However, a combination of political missteps and problems with accessing foreign currency reserves to finance any new contract destroyed any chance of a deal going through. So, in late January, the company informed investors that, as the Tobruk-based House of Representatives had not ratified its extension, its board had approved “the reassignment of those assets to new opportunities, effective immediately”.

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AfricaHardball - political risk strategy roundtable

AfricaHardball

17 January 2023, online

This political risk strategy roundtable  – part of the monthly AIX membership programme – will identify a range of upcoming political, commercial and reputational issues, and discuss scenarios to help stakeholders refine their strategies.  

As usual with AIX meetings, the  roundtable will be held under the Chatham House Rule.

 

Find out more here

 

The meeting is free for all AIX members and African Energy subscribers.