Search and Filter Through Our Comprehensive Database of Tender Awards and Bid Results in Hydroelectric Power Plant Sector in Cyprus
Identify and track all the latest tender & contract awards and bid results in hydroelectric power plant projects. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Cyprus.
Cyprus Hydroelectric Power Plant Industry Analysis
Cyprus, being an island country with a rich history, is striving towards sustainable development. The country aims to reduce its dependence on fossil fuels and has been exploring alternative sources of energy, including hydroelectric power.
Currently, Cyprus has only one operational hydroelectric power plant, which is located in Kalopanayiotis, a village in the Troodos Mountains. The power plant has an installed capacity of 6 MW and can generate up to 12 GWh of electricity annually. The plant uses water from the Karkotis River, which is stored in a dam and released to drive the turbines.
Despite being a small island, Cyprus has great potential for the development of small to medium-sized hydroelectric power plants, especially in the Troodos Mountains, where there are several rivers and streams. In fact, Cyprus has set a target of generating 13% of its electricity from renewable energy sources by 2020, with hydropower being one of the key sources.
The major driver of hydroelectric power plant development in Cyprus is the country's commitment to reducing greenhouse gas emissions and dependence on fossil fuels. In addition, the government is offering incentives to encourage private sector investment in renewable energy projects, including hydropower.
There are currently several hydroelectric power projects in the pipeline in Cyprus. For example, there is a proposal to construct a new 10 MW hydroelectric power plant on the Evretou Dam, which is located in the Paphos district. The project is expected to generate approximately 20 GWh of electricity annually and will require an investment of around ?28 million.
Another proposed project is the construction of a 3.5 MW hydroelectric power plant in the Serrachis River, located in the Limassol district. The project is expected to generate around 6 GWh of electricity annually and will require an investment of around ?10 million.
Despite the potential for hydroelectric power in Cyprus, there are several challenges that need to be addressed. These include the limited availability of water resources, the need for proper water management, and the potential environmental impact of large-scale hydroelectric projects.
In conclusion, the hydroelectric power industry in Cyprus is still in its early stages of development, with only one operational plant and a few proposed projects. However, with the government's commitment to renewable energy and the availability of several rivers and streams, there is significant potential for the industry to grow and contribute to the country's energy mix in a sustainable manner.
Looking for a List of Hydroelectric Power Plant Contract Award Winners in Cyprus?
Are you searching for hydroelectric power plant bid results and contract awards in Cyprus?
We have compiled the most comprehensive and up-to-date database of global bid opening results and tender awards to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.
Free! No Strings Attached :) 
