Cyprus has secured funding from NER300 of a pilot project, amounting to €50 million for the installment of 3,000 smart meters on the island.
The cash was secured as part of a joint effort involving the Electricity Authority of Cyprus (EAC) and the agriculture ministry, said Minister Nicos Kouyialis who was speaking at a joint news conference yesterday with Greek Minister of Environment, Energy and Climate Change and President of the EU Councils of Environment and Energy Yiannis Maniatis.
Kouyialis said the cabinet would approve the implementation of the project in the coming days. It would have great energy saving results for the island, he said.
During a meeting they had earlier, Kouyialis and Maniatis discussed issues mainly concerning the new EU policy framework on climate and energy during the period 2020 – 2030 and agreed that it was extremely important to have a conclusion on the EU position with regard to this issue, in view of the forthcoming international negotiations on climate change reports Cyprus Mail.