With the introduction of Law No.5 (1997), the door was opened for the General Electricity Company of Libya (GECOL) and Medelec, to form a joint venture company for the manufacture of low and medium voltage equipment.

GECOL and Medelec have been long standing business partners since the late 70's. Medelic itself is a joint venture company between Libyan shareholding, the Maltese Government and AREVA