C. ROKAS S.A., through its subsidiary Rokas Aeoliki Cyprus Ltd, has been granted four production licenses by the Cyprus Energy Regulatory Authority (CERA) for the installation of new wind farms in Cyprus of a total capacity of 179.4 MW. The total investment cost is estimated at approximately euro 200 mil.
The above wind farms will be developed in two stages: Stage A includes the development of 89.7 MW in the existing electrical grid. The construction is expected to begin by the end of 2007 and completed in 2008. Stage B includes also the development of 89,7 MW total capacity, which will be based however on the upgrade of the electrical grid in Cyprus in the near future.