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Countdown to "lock in" the updated agreement and start work in the Vasilikos area for the largest energy project ever undertaken in Cyprus. The construction of the onshore part of the LNG import infrastructure.
As is known, negotiations - between the government and the Chinese state-owned company CPP, which is the developer - on the final content of the changes to the contract were concluded after all obstacles were overcome and the two sides came to an agreement.
As the Cyprus Times is informed, next Wednesday 11 May the detailed explanatory memorandum stating the reasons why it was deemed necessary to amend the contract and, of course, the final provisions will be submitted for approval before the Central Committee for Changes and Claims (CCC) next Wednesday 11 May.
It is recalled that the consent of KEAA is required and after the green light is given as expected, the final signatures on the updated contract will be signed the very next day.
The bulldozers and other machinery have been working for two months already and are in the area on a daily basis, as we are informed, in order to proceed as quickly as possible with the works for the new pier and the other infrastructure for the import of LNG and its distribution as regasified fuel to the plants of AEK or private power generators.
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