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EAC Vasilikos CCGT Unit 6
Details
Location:Cyprus
Category:Goods
Status:Approval
Sectors:Energy
Contracting authority: Electricity Authority of Cyprus (EAC)
Description
Reference: 20190376 Release date: 07 February 2020
Promoter – Financial Intermediary ELECTRICITY AUTHORITY OF CYPRUS
Location Cyprus
Description The project will finance the installation of a new Combined Cycle Gas Turbine (CCGT)at Vasilikos Power S
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tender Background
About the Funding Agency
The European Investment Bank (EIB) is the lending arm of the European Union. The EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
The EIB works closely with other EU institutions to foster European integration, promote the development of the EU and support EU policies in over 160 countries around the world.
Through EIB Global, set up in 2022 to increase the impact of our development finance, the EIB helps address global challenges and creates growth and opportunity on all continents.
About the Sectors
Energy
Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.
Key areas:
- Renewable and non-renewable energy production
- Energy infrastructure and distribution systems
- Power generation and energy supply solutions
Locations
Cyprus
Cyprus invests in port facilities, airport modernization, energy infrastructure, and digital connectivity to strengthen its role as a regional services hub. Infrastructure development supports tourism, shipping, and emerging energy projects in the Eastern Mediterranean. Financing combines national budgets, EU funding, and private sector participation. Energy diversification, water security, and geopolitical considerations influence long-term planning.
Nr. of tenders: 7367
Nr. of grants: 15300
Nr. of donors: 507
Nr. of jobs: 15
Nr. of tenders: 7367
Nr. of grants: 15300
Nr. of donors: 507
Nr. of jobs: 15
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