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        EAC DEKELEIA ICE POWER PLANT

        Signature(s)

        Amount
        € 30,000,000
        Countries
        Sector(s)
        Cyprus : € 30,000,000
        Energía : € 30,000,000
        Signature date(s)
        4/12/2008 : € 30,000,000
        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

        Summary sheet

        Release date
        14 May 2008
        Status
        Reference
        Signed | 04/12/2008
        20080158
        Project name
        Promoter - financial intermediary
        Eac Dekeleia Ice Power Plant
        Electricity Authority of Cyprus (EAC)

         

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 30 million
        EUR 65 million
        Location
        Sector(s)
        Description
        Objectives

        The project includes design, manufacturing, construction and operation of the Internal Combustion Engines Power Plant (ICE Plant) at the Dekeleia Power Station in Cyprus.

        The project is expected to help cover peak demand for electricity in Cyprus and improve quality of services provided by the promoter to its clients at a competitive cost.

        Environmental aspects
        Procurement

        The EIA study was prepared for the project in 2007/2008. The study did not find impacts that are unacceptable or that cannot be mitigated appropriately. The selected peak load plant technology is the most energy efficient option available under local conditions in Cyprus.

        The tender concerning the Dekeleia investment project was announced in the OJEU No. 2007/S 179-219314. The contract was awarded in November 2007 and announced in the OJEU No. 2008/S 70-093917. Details of the applied procurement procedure will be subject of appraisal.

        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications