Construction on the main part of the first private power station in Cyprus will start soon, philenews reported.
The station will be located near the existing state-owned Vasilikos power plant in Mari, Limassol.
According to philenews, the earthworks, some basic infrastructure and the road network of the plant have already been completed and construction for the main infrastructure is expected to start soon.
The power station will have a capacity of 230 MW, generated through combined cycle technology.
It is expected to be able to produce electricity, equal to 17.5% of the country’s existing energy capabilities.
The station’s managing company, “Power Energy Cyprus” says that its construction will lead to a reduction in electricity prices.
According to philenews, the station is licensed to produce electricity until 2039.
Power Energy Cyprus (PEC) with consideration to the increasing energy consumption demand and to the planned electricity market liberalization, has acquired all the nescessary permits and begun construction of a state-of-the-art Combined Cycle Power Plant in Mari Area. The Power Station is anticipated to be in full operation by March 2021 and is projected to be in line with the arrival of LNG on the island. It is an estimated investment of 200 million euros.
Mari Power plant will use the latest technology in power generation. It will be a gas fired combined cycle power plant but will also be operated with diesel if necessary. The new turbines will produce electricity with less fuel therefore less cost. Furthermore, natural gas will be the primary fuel for the power plant which is much cheaper than Diesel and Heavy Fuel Oil.
The 260 MW Power Station will contribute to the reduction of electricity cost for end-users and will serve the Group plan for becoming a leading Energy Supplier in the Island
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