RRF funds in jeopardy as EAC-CyTA deal goes sour
A deal between state-owned companies for the supply of electricity smart meters has been ruled unlawful by a special court, putting €35 million in European taxpayers’ funds at risk.
Electricity Authority of Cyprus EAC
Public PV projects boost RES contribution
The Ministry of Education and the Electricity Authority of Cyprus collaborated on a project to install photovoltaic solar panels on school buildings. This project resulted in a 30% reduction in energy consumption for 405 schools. The project also included thermal and moisture insulation. The total cost of the project was €6.6 million, lower than the initial budget of €9.6 million. The project was funded by the European Union as part of the island’s Recovery and Resilience Plan. The EAC’s first solar park in Akrotiri is also operational, generating electricity and reducing energy costs. The solar farm is expected to save €2.8 million and reduce carbon dioxide emissions by 14,000 tons per year.