.
The Electricity Authority of Cyprus (EAC) (Greek: Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)), whose head office is located in Strovolos, currently holds a near monopoly on electricity generation in Cyprus. It operates through three power stations:
Dhekelia Power Station - 460MW own + 60MW rented
Moni Power Station - 260MW own + 35MW rented
Vasilikos Power Station - 36MW own + 824MW own (under repair) + 70MW rented
(current capacity 920MW)
Electricity Authority of Cyprus
The company also distributes electricity produced by three privately held windfarms:
Orites - 82MW
Psevdas - 20MW
Alexigros - 31½MW
as well as 6MW produced by numerous photovoltaic installations belonging mainly to individuals.
In 2010, EAC generated a total of 5,204.9 GWh of electricity. Of that, 7.8 GWh ended up in the area occupied by Turkey and no money could be collected for it.
As a precondition to the accession of Cyprus to the European Union, the local market for electricity generation has been deregulated and as such EAC has sought to diversify into other products.
Offices of EAC
In 2005, the company was involved in a high profile scandal involving the alleged theft of millions of euros from the employees' pension scheme. [1]
References
^ Hazou, Elias (2007-03-03). "EAC unrest over Andronikou deal". Cyprus Mail. Retrieved 2007-03-04.
| Ancient Greece
Science, Technology , Medicine , Warfare, , Biographies , Life , Cities/Places/Maps , Arts , Literature , Philosophy ,Olympics, Mythology , History , Images Medieval Greece / Byzantine Empire Science, Technology, Arts, , Warfare , Literature, Biographies, Icons, History Modern Greece Cities, Islands, Regions, Fauna/Flora ,Biographies , History , Warfare, Science/Technology, Literature, Music , Arts , Film/Actors , Sport , Fashion --- |
Retrieved from "http://en.wikipedia.org/"
All text is available under the terms of the GNU Free Documentation License
