Cyprus EAC Board to Seal J&P Avax Contract, Thrasou Tells CyBC
The board of the Electricity of Cyprus will have to formally approve a renegotiated deal with J&P-Avax SA (AVAX) for the completion of a unit at the Vasilikos plant, chairman Haris Thrasou told CyBC.
The new contract will allow the Athens-based construction company to complete construction work before summer on the plant’s fifth 220-megawatt unit, which had been halted by an explosion on July 11, Thrasou told the Nicosia-based state radio today.
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