Cyprus Electricity Authority faces leadership shake-up and structural reforms
The Electricity Authority of Cyprus (EAC) is set for significant changes in its leadership and structure. George Petrou, the current Chairman of the Board, has decided not to seek a second term. His decision has been officially communicated to the President of the Republic. George Petrou’s departure will not be the only shift within the EAC. The Board will see further changes among its members, with 206 individuals having applied for available seats. The new Board will inherit long-standing challenges, including the reliability of the electrical system and the need for backup units at the Dhekelia Power Station.
Trade unions are pushing for the recovery of investments in new Dhekelia units to ensure backup capacity. Employees have also raised concerns about the Authority’s future, energy storage solutions, delays in natural gas implementation, and the lack of EAC-owned photovoltaic installations. The Board must additionally assess the impact of Cyta’s entry into the energy market.
The government is focusing on administrative staffing as part of planned structural reforms. One proposed change involves a broader distribution of service sectors, granting them greater administrative independence. The incoming Board faces a range of pressing issues, from system stability to competition in the energy sector. Structural reforms and staffing adjustments are expected to shape the EAC’s direction in the coming months. The changes aim to address both operational and strategic challenges within the Authority.
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