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.
The Electricity Authority of Cyprus (EAC) was established in 1952 by the British colonial government. The 28 private electricity companies at that time were nationalized and integrated into the EAC. The Authority has never received any subsidies from the government, as these have always been prohibited by law.