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Home News & Events ENERGY LAW NEWS: Cyprus to secure Natural Gas for Power Generation

ENERGY LAW NEWS: Cyprus to secure Natural Gas for Power Generation

Sunday, 15 June 2014 22:10

On January 25, 2014, Cyprus's Natural Gas Public Company had invited those operating in the energy sector to register their interest for the supply of natural gas for power generation.

An evaluation of the four bidding companies to the invitation have since been carried out based on the following criteria: (a) financial standing, (b) creditworthiness, (c) experience and technical capability, and (d) the technical suitability of the bidder's proposal. All bids have been upheld as qualifying proposals and in a few weeks time, it is expected that a decision be made on which bid would likely be deemed to lead to a reduction of costs in the energy generation.