Electricity Authority of Cyprus
Encyclopedia
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:
(current capacity 920MW)
The company also distributes electricity produced by two privately held windfarms:
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.
In 2005, the company was involved in a high profile scandal involving the alleged theft of millions of euros from the employees' pension scheme.
Greek language
Greek is an independent branch of the Indo-European family of languages. Native to the southern Balkans, it has the longest documented history of any Indo-European language, spanning 34 centuries of written records. Its writing system has been the Greek alphabet for the majority of its history;...
: Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)), whose head office is located in Strovolos
Strovolos
Strovolos is a municipality of Nicosia. With a population of near 70,000, it is the second biggest municipality of Cyprus, after Limassol, and the biggest municipality of Nicosia...
, currently holds a near monopoly on electricity generation in Cyprus. It operates through three power stations:
- Dhekelia Power StationDhekelia Power StationDhekelia Power Station is one of three power plants belonging to the Electricity Authority of Cyprus. It is located approximately 15 km east of the city of Larnaca and it has a capacity of 460 MW....
- 460MW own + 60MW rented - Moni Power StationMoni Power StationMoni Power Station is the second power plant the Electricity Authority of Cyprus built. It is located some 20 km east of the city of Limassol. Construction started in the 1960s and when completed it consisted of six steam turbogenerators each having a capacity of 30MW. Heavy fuel oil is fired in...
- 260MW own + 35MW rented - Vasilikos Power StationVasilikos Power StationVasilikos Power Station is the newest power plant of Electricity Authority of Cyprus. Located between Larnaca and Limassol and with an installed capacity of 640MW, it was still under development prior to the Evangelos Florakis Naval Base explosion of 11 July 2011.The first phase came online in the...
- 36MW own + 824MW own (under repair) + 70MW rented
(current capacity 920MW)
The company also distributes electricity produced by two privately held windfarms:
- Orites - 82MW
- Psevdas - 20MW
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
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
to the European Union, the local market for electricity generation has been deregulated and as such EAC has sought to diversify into other products.
In 2005, the company was involved in a high profile scandal involving the alleged theft of millions of euros from the employees' pension scheme.