Her start of operation in Cyprus of EKO Energywhich will be active in its field supply of green electricity from renewable sourcesannounced HELLENiQ ENERGY. EKO Energy expands the Group’s already successful presence in Cyprusaiming to cover all energy needs for selected commercial and industrial consumers, as the first integrated and vertically integrated energy provider in Cyprusleveraging the expertise and reliability of HELLENiQ ENERGY.
In official event which took place in Nicosia and which he honored with his presence the President of the Republic of Cyprus Mr. Nikos ChristodoulidisHELLENiQ ENERGY presented the results of the strategic plan “VISION 2025” for the energy transition, as well as the her business planswith which it aspires to contribute substantially to the achievement of the goals for reducing the carbon footprint and improving the energy security and autonomy of Cyprus. They were present at the presentation representatives of the Cyprus Governmentrepresentatives of the business world, the members of the Board of Directors and the Management of HELLENiQ ENERGYas well as the executives of EKO Cyprus.
HELLENiQ ENERGY stars recent years in the effort for energy transitionbased on the “VISION 2025” strategic plan. It is modernizing its traditional operations in fuel refining and tradingreducing its carbon footprint, while expands into new energy markets and develops an extensive portfolio in RES and green energy, in Greece and abroad.
In particular in Cyprus, HELLENiQ ENERGY invests consistently in the transformation of its activities and puts into operation EKO Energy, accelerating the transition to cleaner forms of energy and offering integrated energy solutions that fully cover the needs of consumers. EKO Energy has already started its commercial activities and provides its services to industrial and commercial customers. Promoting its strategic planning, the Company has signed contracts for a total consumption of 60 GWh to date and seeks to continue its dynamic development, contributing to the formation of a more competitive market always focused on the consumer. A key axis in its strategy is the verticalization of activities with privately owned parksoffering flexibility and proper energy management to its customers.
The President of the Republic of Cyprus, Mr. Nikos Christodoulidis, said: “It is with great pleasure that I participate in today’s event, for the announcement of the opening of the company EKO ENERGY CYPRUS as a supplier of green electricity. A company with almost 70 years of successful operation and presence in the fuel market, but also a multifaceted social offering. I would like to mention that the expansion of your operations in Cyprus, your new investments in the Cypriot market, is for us one of the most important votes of confidence for the Cypriot economy and I would like on behalf of the State, on behalf of the entire Cypriot people, to thank you.”
For his part, the CEO of HELLENiQ ENERGY, Mr. Andreas Siamisii, he emphasized: “The creation of EKO Energy is a milestone for us as we invest to make our Company in Cyprus an integrated and vertical provider of energy products and solutions. We practically support the country’s green transition and help achieve the goals of energy independence and reducing its carbon footprint. At the same time, we believe that the improvement of competitiveness in the energy market will have visible benefits for consumers, while at the same time we create specialized jobs, which create added value for the place. After Cyprus, where we already have a significant presence, we are carefully planning our moves with targeted investments in other markets abroad, emphasizing new energy and RES.”
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