EAC to Invest €180 Million in Dhekelia Power Station Modernization for Energy Transition
The Electricity Authority of Cyprus (EAC) is set to invest €180 million in modernizing the Dhekelia power station to enhance energy security and facilitate a green transition. The upgrade will introduce new production units, including Open Cycle Gas Turbines and a 160 MWh battery storage system, while phasing out outdated steam turbines to significantly reduce carbon emissions. Funding will be sourced from EAC reserves and European Investment Bank grants, aiming to lower public debt and electricity costs.
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The Electricity Authority of Cyprus (EAC) plans a €180 million investment to modernize the Dhekelia power station, enhancing energy security and supporting a green transition. The project includes new production units and advanced battery energy storage systems (BESS) to replace outdated steam turbines.
An Environmental Impact Assessment is open for public consultation until 28 February 2026. The upgrade will feature two to three Open Cycle Gas Turbines (OCGT) with a capacity of 60-115 MWe, initially operating on diesel but convertible to natural gas.
A 160 MWh lithium-iron-phosphate battery storage system will improve grid stability for Renewable Energy Sources (RES). Funding will come from EAC reserves and grants from the European Investment Bank (EIB), aiming to reduce public debt and lower electricity bills. The Dhekelia station, operational since 1953, currently generates 34.5% of EAC's electricity and will phase out older units, significantly cutting carbon emissions.
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