Contract signed for Wind Park in Cyprus

Cyprus is to get its first wind park, one of the biggest in the Eastern Mediterranean, which is expected to be completed by the end of 2010.

The operation of the wind park is a step towards meeting EU objectives relating to energy production from renewable energy sources amounting to 13% by 2020, an official announcement said here today.

The contract for the connection of the first Wind Park, of a total power of 82MW, with the electricity transmission network in Cyprus was signed on July 19 between the transmission system operator of Cyprus and the producer (D.K. Windsupply Ltd), it added.

The wind park will be built by a Danish company in Orites region, in Paphos district, on the west, and will consist of 41 wind turbines of 2,0 MW each.

The European Investment Bank will contribute to the construction with 65 million euro, in addition to a partnership of other international banking institutions.

The announcement noted that the involvement of such major investors and their interest in financing this project demonstrates that the use of wind energy in Cyprus is possible and profitable.

The energy produced by the wind park will be channeled into the transmission network in accordance with the Grant Project of the Ministry of Commerce, Industry and Tourism and will be bought by the Electricity Authority of Cyprus at a price determined in the plan.

Source: Xak.com

Etihad expands services in Cyprus

MIDDLE-EASTERN airline Etihad is expanding in Cyprus by singing a code share agreement with Cyprus Airways.

The company now has three flights a week between Cyprus and the United Arabic Emirates. The airline operates a two-class Airbus A320, carrying around 140 passengers, with availability of 20 business seats and 120 seats in economy class.

Peter Baumgartner, chief commercial officer of Eithad Airways signed the code share MOU with commercial manager of Cyprus Airways Christos Agapiou yesterday in Nicosia during an official ceremony.

The agreement provides the opportunity to Cyprus Airways to use the CY code on Etihad flights between Larnaca and Abu Dhabi. The aim of the code share is to introduce Etihad Airways to the Cypriot market and to increase its presence with cooperation of the island’s national airline.

Source: Cyprus Mail