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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Cyprus : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    11/10/2002 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    31 October 2001
    Status
    Reference
    Signed | 11/10/2002
    20010258
    Project name
    Promoter - financial intermediary
    Electricity Transmission & Distribution
    Electricity Authority of Cyprus (EAC)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 100 million
    Approximately EUR 250 million
    Location
    Sector(s)
    Description
    Objectives

    An investment programme covering the period 2001-2004 comprising refurbishment and expansion of the electricity distribution and transmission network throughout Cyprus.

    To cope with a continuing growth of electricity demand, to improve the quality and security of electricity supply and to reduce system losses, thus reducing electricity costs as well as promoting the rational use of energy.

    Environmental aspects
    Procurement

    Environmental impact studies will be carried out and corrective measures applied as necessary.

    International procurement rules will apply.

    Link to source

    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).

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