Our purpose is to have low-cost electrical energy, in order that our business is competitively productive, mentioned the Minister of Vitality, Commerce and Business, Giorgos Papanastasiou, welcoming the Annual Basic Meeting of the Affiliation of Industrialists of Agios Athanasios, in Limassol.
In his greeting, Mr. Papanastasiou mentioned that the principle purpose that the Cypriot business just isn’t aggressive within the manufacturing of merchandise is the excessive value of power and famous that to cut back it, a method with short-term, medium-term and long-term measures is required.
Referring to the short-term measures, the Minister really helpful to the industrialists to benefit from the plans to put in photovoltaic techniques, on the similar time underlining the significance of saving power via the set up of comparable techniques.
“So the mixture of saving and producing electrical energy and self-consumption is a short-term measure that I’d advocate,” he added.
Concerning the mid-term measures, Giorgos Papanastasiou mentioned that these concern the operation of the liquefied pure gasoline import terminal in Vassiliko “which is a painful story, because it will get postponed from month to month, from six months to 6 months”.
For the time being, he continued, the floating unit and the land terminal are about 80% full “however there was a severe delay, from September 2022 when it was imagined to be delivered”.
“The excellent news is that the floating unit has been accomplished within the shipyards of China and we are going to attempt to obtain it licensed, as a result of it’s an important a part of the terminal,” he mentioned and added that “we hope that by the top of the yr we may even have a terminal for to offer pure gasoline to the standard manufacturing which is the EAC station in Vassiliko, but in addition to non-public people who will work in typical energy technology”.
He famous that it’s anticipated that “this may drop the value of electrical energy vertically as a result of pollution will probably be decreased and as well as, pure gasoline itself is less expensive for the time being and that is additionally the prediction that it’ll proceed to be cheaper than the liquid fuels we burn right now”.
In relation to the long-term measures, “along with selling the Inexperienced Transition via the strengthening of RES manufacturing”, mentioned the Minister, “we’re selling the storage of power in battery techniques, both in a central system or in hybrid techniques, subsequent to photovoltaics parks”. Our goal, he indicated, “is to retailer this manufacturing in batteries, to offer it when there isn’t any sunshine and this may cowl us for 3-4 hours throughout the night time”.
Mr. Papanastasiou additionally made reference to electrical interconnection within the additionally long-term plan for the Nice Sea Interconnector mission, underlining that “with out electrical interconnection we is not going to actually see low-cost electrical energy”.
“We see that everybody who produces power from photovoltaics complains, that we reject their manufacturing as a result of we can not devour it, since Cyprus is a small market and there may be an overproduction of electrical energy from RES”, he mentioned and indicated that “if we had battery techniques it might be in any other case, if we had the Interconnector it might be totally different, as a result of we’d be giving this extra power to different nations, for a charge.”
He emphasised that “our purpose is to have low-cost electrical energy, in order that we can provide it to the business to be competitively productive and to assist, by extension, the native financial system”.
Furthermore, in his greeting, the Minister of Vitality, Commerce and Business acknowledged that Cypriot companies usually are presently going through tough circumstances “because of the unprecedented financial and power disaster, which is creating elevated inflationary developments internationally”.
He underlined, nevertheless, that the Authorities “recognizing the challenges, makes focused use of European Funds, particularly the Restoration and Resilience Mechanism and the 'THALEA 2021-2027' program, for the implementation of sponsorship plans”.
Amongst different issues, he mentioned that the Ministry has secured a complete of 245 million euros for the particular interval, which will probably be allotted to companies via the sponsorship plans, for investments associated to strengthening competitiveness and saving power for small and medium-sized companies, the digital improve of companies, the promotion of the round financial system, the strengthening of enormous companies and the modernization or creation of items coping with the processing or advertising of agricultural merchandise.
On the similar time, Mr. Papanastasiou referred to the assist obtained by the Industrial Space of Agios Athanasios and guaranteed that the providers of his Ministry are on the disposal of industrialists in addition to each entrepreneur, to take care of issues that fall inside their tasks.
In the course of the Basic Meeting, which re-elected Vasos Dimitriadis to the place of President of the Affiliation, the Director of EBE Limassol, Christos Anastasiadis, the corporate Charalambidis – Christis and the pharmaceutical firm Medochemie had been honored.
