Cyprus Mail

Regulator expects additional power generation as economy rebounds

By Stelios Orphanides

The chairman of the Cyprus Energy Regulatory Authority Andreas Poullikkas said that energy demand will start to pick up in the years to come and more production capacity will be needed which could come from private producers.

“The economy will be growing in the years to come and at some point demand will start to pick up,” Poullikkas, who succeeded Georgios Shammas in October, said in a telephone interview on Wednesday. The energy regulator is in charge of granting licenses to market participants, approving their pricing policy and drafting market rules.

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