EU Backs Expansion of Strategic Energy Storage in Cyprus
May 31, 2018
May 31, 2018
BRUSSELS, Belgium, May 31 -- The European Investment Bank issued the following news release:
The European Investment Bank today confirmed EUR 35 million of new financing for expansion of strategic oil reserves in Cyprus. Management of strategic oil reserves in Cyprus will be transformed through construction of a new EUR 53 million emergency energy facility enable Cyprus to hold one month of emergency oil supplies. The new EIB financing represents the first infrastructure scheme in C . . .
The European Investment Bank today confirmed EUR 35 million of new financing for expansion of strategic oil reserves in Cyprus. Management of strategic oil reserves in Cyprus will be transformed through construction of a new EUR 53 million emergency energy facility enable Cyprus to hold one month of emergency oil supplies. The new EIB financing represents the first infrastructure scheme in C . . .