Yemen and Libya have signed an agreement under which Libya will set up a 400 megawatt electricity station in Yemen.

The agreement was signed by the two countries General People's Congress parties, according to a report circulated today by Yemen News Agency "SABA."

Under the agreement, the countries will also increase the capital of the Yemeni-Libyan Holding Company to at least $ 100 million. The construction of the station is scheduled to start before the end of 2008.

The two parties also agreed to implement agreements signed in the past, which provided for exchanging expertise in areas such as media, research works, youth activities and programs for supporting women.

[zawya.com]