President to lay foundation stone of first private power plant

President of the Republic, Nicos Anastasiades, will lay on Friday the foundation stone for the construction of the first power plant, of private initiative, which is expected to be completed in 2021, Government Spokesman Prodromos Prodromos has said.

In statements at the Presidential Palace, the Spokesman said that this it is a very important investment (of 200 million euro) both in terms of energy policy, and for economy and growth.

Prodromou noted that with the completion of the project and the operation of the plant, which will cover a large part of the electricity needs in the Cypriot market, there will be many benefits for the consumers.

Source: Cyprus News Agency