Cyprus faces electricity shortfall after 2029 plant retirements

Cyprus’ power system is projected to face a severe supply gap after 2029 when six steam units at the Dhekelia power plant (360 MW) and three units at the Vasilikos plant (390 MW) are withdrawn. The remaining conventional installed capacity will be about 728 MW, down from the current 1,478 MW, leaving the grid vulnerable to shortages, especially during afternoon peaks when renewable output falls.

Analysts warn that the country lacks a comprehensive long‑term energy plan covering security of supply, affordable pricing, carbon‑free targets and water safety. They stress the need to accelerate gas‑fired turbine installations, expand electricity‑storage capacity and increase renewable‑energy penetration to meet EU emission‑reduction obligations. As one expert noted, “Το μέλλον του ενεργειακού συστήματος της Κύπρου δεν θα καθοριστεί από ένα μεμονωμένο έργο.” Without swift action, the scenario remains “εφιαλτικό”.