• George Petrou to step down permanently from the Chairmanship – President of the Republic informed.
• The new Board of Directors must manage critical issues.
• Trade unions in a "wait-and-see" stance – Escalation of measures remains on the table.
• Information suggests the government is promoting a new structure for the EAC.

Changes in the administrative pyramid of the Electricity Authority are expected with the appointment of new Boards of Directors for semi-governmental organizations.

According to information obtained by Brief from sources familiar with the developments, the current Chairman of the Board of the EAC, George Petrou, will not remain for a second term. His decision is final, and the President of the Republic has been formally informed via letter.

Sources indicate that specifically for the EAC Board, there will be changes not only at the top of the pyramid but also at the level of individual board members. It is noted that 206 individuals expressed interest and submitted applications to the Advisory Council for a seat on the EAC Board.

The government appears to place great importance on the administrative staffing of the EAC due to upcoming changes the state (as the majority shareholder) intends to promote regarding the Authority's general structure. Rumors suggest that one possibility is a greater distribution of service sectors, which would be granted increased administrative autonomy.

What is certain is that any new Board of Directors will have to manage critical, long-standing issues. One of the most serious current topics is the adequacy of the electrical system, which has become a point of contention between employees and the Ministry of Energy.

There is also the demand from trade unions to recover investments for new units at the Dhekelia Power Station for backup purposes. Furthermore, the Board will be called upon to address the potential impact on the Organization following Cyta's definitive entry into the energy sector.

Employee concerns are primarily focused on the Authority’s viability, the need for energy storage, the delay in the arrival of natural gas, and the lack of photovoltaic installations by the EAC.

The decision to escalate dynamic measures has already been made by all competent bodies of the unions organized within the EAC.

At this stage, there is no immediate intention to launch new strike actions. Union leadership will wait for the new composition of the Authority’s Board and Parliament, as well as the outcome of certain scheduled behind-the-scenes developments.

The trade union organizations have stated categorically that their struggle is not over financial demands, but rather to ensure energy security and to reduce the cost of electricity.

Source: Brief