Electricity – EAC Still Buys Costliest Fuel Crude on the Market – Report

15-12-2017 Cyprus News Report CyprusNewsReport Warmer

Electricity – EAC Still Buys Costliest Fuel...

The cost of electricity affects the entire economy, while the Electricity Authority of Cyprus (EAC) still buys the most expensive crude oil on the market – Mazut, according to the Auditor General’s latest report.

The auditor-general’s office carried out an exhaustive survey of the authority’s purchasing practices, and found that it could be much more efficient when it comes to ordering and tendering for international oil contracts. The main points made by...

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