It was reported on this day in 1947 that the Colonial Office in Cyprus had approved plans for the establishment of a central power station and grid system at a cost of between £2,000,000 and £3,000,000.
A company was to be formed, financed chiefly by Cyprus capital.
In the upshot, the Electricity Authority of Cyprus was founded in 1952 by the British colonial government.
The 28 private electricity companies of the time were nationalized and absorbed into the EAC.