In 2024 the state-run power corporation spent €211 million on greenhouse gas emissions allowances – €45 million less than the previous year – while posting a net profit of €37 million, according to a presentation of the organisation’s operations given on Monday.
Giorgos Petrou, chairman of the Electricity Authority of Cyprus (EAC) gave the traditional annual presentation to government officials and members of the media.
Last year the EAC spent
