Electricity Authority of Cyprus (EAC)

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Last update: Feb 24, 2026 Last update: Feb 24, 2026

General

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Pricing strategy

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Details

Legal residence:Cyprus

Organization type:Consulting organization

Funding agencies:

DFAT Australia, FCDO, EC, Other, Horizon 2020, Hor ...

Department of Foreign Affairs and Trade - Australia (DFAT), FCDO - Foreign, Commonwealth & Development Office (HQ), European Commission Directorate-General for International Partnerships (EuropeAid HQ), Other, Horizon 2020 (2014 - 2020), Horizon Europe (2021 - 2027)

Sectors:

Energy

Nr. of employees:1001-5000

Sanctions:

Status:

Active

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About

The Electricity Authority of Cyprus (EAC) (Greek: Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)) was founded in 1952 by the British colonial government. The 28 private electricity companies of the time were nationalized and absorbed into the EAC. The Authority never received any subsidies from the government as these have always been prohibited by law. Its head office is located in Strovolos. The EAC currently holds a near monopoly on electricity generation in Cyprus. I