A sale contract tailor-made for the vendor
Fact: Buyers should be cautious when purchasing an immovable property, especially an apartment without an individual title, as it may lead to future legal disputes and risks.
Fact: Buyers should be cautious when purchasing an immovable property, especially an apartment without an individual title, as it may lead to future legal disputes and risks.
The Ministry of Energy and other governmental bodies are unable to determine the completion time of the Vasilikos LNG terminal and the start of using the new fuel for power generation. DEFA’s delayed procedures for selecting a contractor for the gas supply-transmission system plan have caused significant setbacks. The tender for this study has been challenged and is pending in the Administrative Court. As a result, the Ministry of Energy and DEFA are considering alternative options to expedite the construction of gas pipelines to power plants.
A flare and fireworks caused separate fires in forests in Cyprus at the end of April. Despite promises of having ten firefighting aircraft, the country only has one available. The lack of resources has led to a series of disasters and a history of negligence in firefighting efforts. The government’s failure to acquire necessary aircraft has put the country at risk for more devastating fires.
The Electricity Authority of Cyprus (EAC) announced a scheduled power outage on Friday between 9am and 10am in several areas including Parekklisia Pyrgos, Prasteio Kellakiou, Kellaki, Eptagonia, Melini, Akapnou, Arakapas, Dierona, Sanida, Klavari, Vikla, Ora, Odu, Ayioi Vavatsinias, Profitis Elias, and Sykopetra. The outages are planned due to scheduled work on the high voltage network.
Fact: A 35-year-old man was arrested for stealing an electricity transformer from a facility belonging to the electricity authority (EAC) in Larnaca.
Fact: Electricity bills have increased by 2.5 per cent compared to the previous month due to renewable energy targets.
Fact: Police did not have a search warrant before entering the fifth-floor apartment where the Bangladeshi nationals were living.
President Christodoulides visited the Vassiliko construction site to chat with the Chinese CPP company workers, who had resumed welding for the natural gas storage infrastructure. Despite progress on welding, the jetty remains unfinished due to disagreements between CPP and the Natural Gas Infrastructure Company. CPP terminated collaboration with a Cypriot contractor, causing delays in the project. The completion of the project by the promised deadline of 2024 seems unlikely. Additionally, the construction of the natural gas transportation system is stalled, further prolonging the project. This indicates that the project will take more time and resources than initially anticipated.
The energy ministry and the electricity authority (EAC) are studying alternative solutions for the provision of smart meters to avoid repeated delays.
Fact: Police in Limassol have made a second arrest in connection with a case of EAC copper cables theft outside the village of Kantou.