ERBD provides €80 million loan to ETYFA for the acquisition of an FSRU unit

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The European Bank of Reconstruction and Development (EBRD) announced it will provide an €80 million loan to the Natural Gas Infrastructure Company of Cyprus (ETYFA), for the acquisition of a floating storage and regasification unit (FSRU) and the development of related infrastructure, as part of the €289 million project aiming to introduce the use of natural gas for energy generation in Cyprus. The EU is extending a €101 million grant for the project under the Connecting Europe Facility. The remaining project …

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