The Home audit committee on Thursday expressed their assist to Power Minister George Papanastasiou on the way in which he’s dealing with with the beleaguered Vasiliko LNG plant.
Cyprus is in arbitration in London with Chinese language consortium CPP Metron, which has undertaken the development of the land terminal. CPP has filed for additional compensation price €200 million from the Republic of Cyprus.
The LNG terminal has been riddled with points, with the Audit Workplace not too long ago getting into the fray saying the undertaking can be reported to the European Prosecutor’s Workplace as EU funding was concerned within the debacle, now years delayed with no signal of completion.
The administration of the entire undertaking has been “tragic”, in keeping with its 150-page report. The Audit Workplace mentioned the undertaking has thus far value the taxpayer €542 million because of the elevated value of delays in a course of riddled with inaccuracies and critical violations of public contracting that might even contain legal duty.
The undertaking promoter is Etyfa, a subsidiary of Defa, the pure gasoline public firm. The audit workplace accuses the physique of pandering to the contractor as an alternative of claiming compensation for the delays endured.
On the assembly on Thursday, the pinnacle of the Home audit committee Zacharias Koulias mentioned that they had been behind Papanastasiou and the way in which he’s dealing with the problem.
“The power minister knowledgeable us behind closed doorways as a result of an arbitration is underway in London,” Koulias mentioned in an announcement after the assembly.
“Now we have been absolutely briefed and your entire committee has expressed its assist for the power minister’s dealing with of the matter and we hope {that a} answer shall be discovered as quickly as potential.”
Opposition Disy MP Savia Orphanidou mentioned that they had been knowledgeable by the minister in regards to the developments within the completion of the gasoline terminal at Vasiliko, including that “for Disy this challenge is a really critical matter.”
“For this very cause, we strongly imagine that this challenge ought to be refrained from public controversies because the Republic of Cyprus is already in negotiations with the opposite aspect,” she added.
Orphanidou reiterated Disy’s agency place that “this undertaking ought to be accomplished for the well-meaning pursuits of each resident and client, however particularly for power safety points” and added that Disy expects “the federal government to search out methods to finish it”.
