Brussels, 14/03/2012 (Agence Europe) - On 8 March, the European Investment Bank (EIB) announced that it was to lend the Cypriot Electricity Authority €130 million to build a new production unit to secure electricity supply in Cyprus.
This loan will fund phase IV of the extension of the electricity power station in Vassilikos, including the installation of a gas-fired power station with a combined cycle of 220 MWe which will run on petroleum distillate and can subsequently be converted to...