Energy Minister's Proposal for the Reform of the Electricity Authority and Public Investments
October 9, 2024
The Energy Minister proposed transforming the regulated activities of the Electricity Authority into a 100% state-owned company that will invest 100 million euros in the interconnection of Cyprus and Crete. This proposal raised concerns about public safety and the potential entry of private investors into the network. The government assures that there is no intention to privatize national infrastructure. However, unions express caution regarding this proposal.