x

Society

Cyprus Aims for Gas Generated Electricity by Late 2021

August 28, 2019

NICOSIA, Cyprus — Cyprus is aiming to have infrastructure in place to generate electricity using natural gas by the end of 2021.

Natural Gas Public Company Chairman Symeon Kassianides said Tuesday that Cyprus’ Electricity Authority and three other licensed companies would generate power using gas.

He says an infrastructure development contract could be signed with a consortium composed of two Chinese, two Greek and a Norwegian company in October when the tender process is completed.

Kassianides says the project’s cost is around 300 million euros ($333.5 million), a third of which will be European Union funded. The Electricity Authority will contribute 40 million euros and the remainder will be raised through loans.

A separate gas supply tender is now underway, but gas found off Cyprus could be used in the future.

RELATED

Despite constant efforts to show it’s not a haven for the rich and criminals to hide their cash, Cyprus was once again rebuked for money laundering and financial interests, this time by the European Commission.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

CALIFORNIA - The University of Southern California canceled its main graduation ceremony and dozens more college students were arrested at other campuses nationwide Thursday as protests against the Israel-Hamas war continued to spread.

NEW YORK  — The third day of witness testimony in Donald Trump's hush money trial concluded Thursday after Trump's lawyers got their first chance to question a witness on the stand.

ATLANTA — As Donald Trump seeks a return to the White House, criminal charges are piling up for the people who tried to help him stay there in 2020 by promoting false theories of voter fraud.

ATHENS - Voters should see the whole picture when they go to cast their ballot in the European Parliament elections on June 9, Prime Minister Kyriakos Mitsotakis said in an interview on Thursday.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.