The above definition is used for corporations which are independent and which were established in accordance with the relevant Law, in order to render services in the public utility sector. Such corporations are governed by Authorities, the members of which are appointed by the Council of Ministers. To provide services of a high standard which will meet the needs and expectations of its customers. To advise the Ministry of Trade, Industry and Tourism on all matters concerning generation, transmission, distribution and utilisation of electric energy. To promote the proper and efficient use of electric energy for domestic, agricultural, industrial and commercial purposes.
Electricity generation is by far the main user of imported energy.
Due to the large share of electric energy consumption in the energy balance of the country, EAC plays a major role in the definition of the energy policy of the country. The rapid growth in the various sectors of the economy witnessed during the years following the Turkish invasion, in the industrial, agricultural and commercial sectors, together with improved living conditions, imposed increasingly greater demands on the electric energy supply system. This necessitated the rapid expansion of the Power Generation system. 37,5 MW each commissioned in 1995. This is to be supplied by 260 MW of steam turbines in 1999 at a new power station at Vasiliko, near Limassol, for which approval was granted in July 1994.