Libya Awards Power Contract to El Sewedy Electric, Borsa Says

April 24 (Bloomberg) -- Libya has awarded a group of companies, including El Sewedy Electric Co., a contract to rebuild the country’s electricity grid at an investment cost of $1 billion, Al-Borsa reported on its website today, citing the North African nation’s electricity minister, Awad Ibrahim.

To contact the reporter on this story: Tarek El-Tablawy in Cairo at teltablawy@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net