Insider Business ENI-SAIPEM for solar thermal power park

ENI-SAIPEM for solar thermal power park

ENI-SAIPEM S.P.A., the multi-million international construction contractor, will support the construction of a solar thermal park in the region of Alassa, Limassol. The company is well-known in Cyprus from the SAIPEM 12000 drilling at Block 6 of the Cyprus EEZ, as well as from its long collaboration with the Republic of Cyprus.

In a recent epistle to the President, ENI-SAIPEM S.P.A declares its readiness to work for the success of CY Csp EOS Green Energy Project as its exclusive contractor.

The actions of ENI-SAIPEM can be connected to the fact that the EU Commission is disappointed by the Cypriot government’s reluctance to support renewable sources of energy in the context of the NER300, one of the world’s largest funding programmes for innovative low- carbon energy demonstration projects

According to the EU commission renewable energy sources should be unequivocably supported, always within the framework of technology neutrality and free market operation with healthy competition. Cyprus does not guarantee the necessary levels of market safety even though it claims to support liberalisation of the electricity market

It is noted that the assignment makes room for the state’s right to state the price threshold without violating the rules of competition rules.

Banks and other financial institutions that have shown interest in financing the project, and in particular the European Investment Bank, have identified the problem of the absence of a substantial individual support plan for the project.

Top Stories

Employee covid positivity just 0.19%

  Really encouraging news have emerged from the rapid tests of more than 14 and a half thousand employees of the public, wider public and...

Kremlin critic Alexei Navalny to fly back to Russia despite arrest threat

  Kremlin critic Alexei Navalny is due to fly back to Russia later today for the first time since he was poisoned last summer, despite...

Quake death toll at 73 as Indonesia struggles with string of disasters

  At least 73 people have been killed after an earthquake struck Indonesia’s West Sulawesi province on Friday, the disaster mitigation agency said, the latest...

Biden plans ‘roughly a dozen’ Day One executive actions: aide

   U.S. President-elect Joe Biden will cap a busy day of inauguration pageantry by using the powers of his new office to push policy changes...

U.S. capitals gird for pro-Trump armed protests as FBI flags risk of violence

  Protesters were expected to descend on statehouses across the United States in support of baseless claims that electoral fraud robbed President Donald Trump of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...