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New power plant beneficial for Cyprus economy, President says
CNA - Cyprus/LIMASSOL 15/02/2019 17:04


Cyprus President Nicos Anastasiades, who together with Archbishop of Cyprus Chrysostomos laid on Friday the foundation stone for a new power plant in Vassiliko, Limassol District, has said  that the plant will signal a new era for energy in the country which will have many positive aspects for the economy.

In his address, President Anastasiades said that the “Power Energy Cyprus" plant which is expected to be operational in 2021, is a project of strategic importance for Cyprus since it will be contribute in changing the electricity map of the country and in the significant reduction of electricity prices.

The project which will cost €200 million will use conventional fuel and its funding has been achieved “thanks to the country’s economic and banking sector recovery, a fact which in this specific case proves how useful the existence of healthy banking instit

(CNA)

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