The Electricity Authority of Cyprus (EAC) must remain in the hands of
the state, Energy Minister George Lakkortypis said on Monday, speaking
after a meeting with President Nicos Anastasiades and EAC unions.
Emerging
from the presidential palace he told reporters "the possibility of
privatising the organisation is distant and the government is called to
make a principled decision on the most effective and efficient way of
separating the EAC.”
The chapter in the bailout memorandum signed
between Cyprus and its creditors regarding the EAC has been moved from
"privatisation” to "energy”, he added, making the governments intentions
crystal clear.
(balkans.com)