Release date: 14 May 2008
Promoter – Financial Intermediary
Electricity Authority of Cyprus (EAC)
Location
Description
The project includes design, manufacturing, construction and operation of the Internal Combustion Engines Power Plant (ICE Plant) at the Dekeleia Power Station in Cyprus.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 65 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 4/12/2008