Libyan-American Corporation Buys Stake in Renewable Power Generation Plants

| From

LOS ANGELES, CA (SEND2PRESS NEWSWIRE) -- Lyamec Corp. (, a U.S. merchandising and distribution services firm, completed its acquisition, as stakeholder, in more than 13 power generation plants in the United States. The Lyamec Corporation is expanding its acquisitions and is building a multi-billion dollar portfolio through aggressive mergers and acquisitions in the U.S., Libya, the United Kingdom, and including France. Recent additions into its diversification strategies including its Libya facility in Misurata with Global Oil Tools, Grifco International, Coil Tubing Technologies in pre-construction stage, and newly launched J.V. of Brooks-Line Films as an independent producer and distributor for motion pictures, in the U.S.

"No doubt about it, this is a high stake acquisition and the assets of the plants run more that 17 Billion U.S. Dollars. Granted this is a rare opportunity to get in with other major stakeholders such as Deutsche Bank, Citi Corp, and others alike, but we will be in the long run, in a continued tug of war for a higher share. As difficult as it is to get an entrance into the power industry circle at this level, it was long in planning and I am glad that we are now able to get the opportunity to complete and fund our stake and bring this acquisition into our program," said Interim CEO R.G. Raymond.

*(Photo Caption: One of the Gas-fired Power Plants.)

In his statement, R.G. Raymond continued by adding, that the latest stake in the power generation plants, which currently supply customers and communities in U.S. states and Canada with electricity from clean, efficient, natural gas-fired and geothermal power plants, "it is our way of saying that we are in the fight for the better of mankind by focusing on our environment and we plan to make significant stake increases in the industry, in the U.S., and abroad."

Operations and integrated systems of the plants cover major U.S. states, and in Canada, with further expansions currently planned in Latin America. Products and services provided include wholesale and retail electricity, gas turbine components and services, energy management, and a wide range of power plant engineering, construction and maintenance, and operational services.

More information:

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (Lyamec Corporation) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2005 Lyamec Corporation with newswire version Copr. © 2005 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 25 2016:
[ count retired 8.4.16 ]

or: Search

back to top
REFERENCES: , , Lyamec, Libyan-American Corporation, Renewable Power Generation Plants, stable, Gas-fired Power, Libya facility, Misurata with Global Oil Tools, Grifco International, Coil Tubing Technologies, R.G. Raymond, news, press release from Lyamec Corporation, Dec 27, 2005, Energy, Oil, Gas and Solar, , , , , Libyan-American Corporation Buys Stake in Renewable Power Generation Plants