Release date: 31 October 2001
Promoter – Financial Intermediary
Electricity Authority of Cyprus (EAC)Location
Description
An investment programme covering the period 2001-2004 comprising refurbishment and expansion of the electricity distribution and transmission network throughout Cyprus.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 100 million
Total cost (Approximate amount)
Approximately EUR 250 million
Environmental aspects
Environmental impact studies will be carried out and corrective measures applied as necessary.
Procurement
International procurement rules will apply.
Status
Signed - 11/10/2002
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).