Cyprus Mail
Cyprus Energy

Vassilikos repairs come in under budget

THE ELECTRICITY Authority of Cyprus (EAC) announced yesterday that it had almost halved its budget for the restoration of the Vassilikos power station, ahead of a visit to the plant by Energy Minister Giorgos Lakkotrypis.

Vassilikos is said to be almost back to full working order almost two years after the deadly blast at the Mari naval base which killed 13 people and crippled the island’s electricity supply

Turbines one and three at Vassilikos have recently been put into operation again, returning the station to almost full capacity.

According to EAC’s Stelios Stylianou, work should be completed on fully restoring the power station by next month.

“We should congratulate the personnel and management of the EAC for their efforts because they have almost returned the station to full working capacity but have also not spent as much money in restoring the power station as was first estimated,” Lakkotrypis said.

The cost of restoration will be close to €165m despite original estimations that the EAC would need between €330m and €700m to fully restore the power station.

The money the EAC has received for returning the station to full capacity will come from insurance companies.

Stylianou said he hoped natural gas reserves could be used in the future to power the station, making it cheaper for the consumer and friendlier for the environment.

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