Electricity Authority of Cyprus

The Larnaca District Court has handed down a fine of 28,000 euros to the Electricity Authority of Cyprus (EAC) for violations of safety and health regulations, resulting in the death of one of its employees and posing risks to others.

The Board of Directors of the Electricity Authority of Cyprus (EAC) has granted the contract for 400,000 smart electricity meters to telecommunications market leader Cyta, following pressure from the Energy Regulatory Authority and in compliance with European Union Recovery Mechanism obligations.

Cyprus' investment footprint in the energy sector is small but not insignificant, with expected investments in the sector amounting to over 16 billion euros for the decade 2021-2030, experts said at the third and fourth sessions of the 11th Energy Symposium, organized by FMW and the Institute of Energy of South East Europe in Nicosia on Tuesday.

The Parliamentary Trade Committee of Cyprus' House of Representatives has examined the issue of the absence of renewable electricity storage systems, which results in the rejection of significant power generation. This discussion followed the Electricity Authority of Cyprus' recent decision to install remote-control ripple-control systems in buildings.

Cyprus' minister of energy, George Papanastasiou, has affirmed Nicosia's commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions.

The issue of storing electricity from renewable energy sources in Cyprus has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday. This has resulted in economic losses as excess energy cannot be stored and is rejected.

Saturday's 15-minute power outage across Cyprus was linked to problems caused by the increased use of renewable energy sources, particularly photovoltaic panels, according to Sotos Savva, president of the Association of Scientific Power Generation of the Electricity Authority of Cyprus (SEPAIK). 

An all-sides meeting is planned for January 13, in order to readdress demands from the workers at the Electricity Authority of Cyprus and find solutions to avert the strike measures announced last month, according to Labor Minister Kyriacos Koushos. 

The foundation stone for the new Power Energy Cyprus Ltd (PEC) power plant in Vassiliko was laid Saturday by Cyprus President Nicos Anastasiades.