Cyprus: Privatisation of the Electricity Authority of Cyprus (EAC)

This project included the assessment of all possible scenarios and options regarding the future structure and ownership regime of EAC. We examined the retention of the EAC as a vertical integrated entity but with appropriate accounting separation and functional unbundling in place for its five current functions (either state controlled or privatized). We also assessed options for appropriate and effective EAC unbundling into separate legal entities that may be subsequently privatised.