Philenews

Cyta Enters Renewable Energy Sector Following Parliamentary Approval

Published March 26, 2026, 17:18
Cyta Enters Renewable Energy Sector Following Parliamentary Approval

The Parliament has approved legislation allowing Cyta to enter the electricity market through renewable energy sources. The bill was passed with the support of governing and opposition parties, while members of DIKO and an independent MP voted against it. An amendment was also approved, prohibiting Cyta from operating in the conventional energy sector. Amendments proposed by AKEL, seeking monitoring of Cyta's activities and an impact assessment, were rejected.