The risk of losing funding from the European Union for the procurement and installation of 400,000 smart electricity meters is evident due to the appeals filed with the Reviewing Authority for Tenders.
As stated by the chairman of the board of directors of EAC, George Petrou, one of the serious problems EAC faces is the issue with the appeals.
He mentioned that a new appeal has been filed for the smart electricity meters following EAC’s decision last week to award the tender to Cyta, adding that there is a risk of losing sponsorship from the EU.
“It’s a shame to lose the smart meters. We will lose many benefits. Cyta won the tender and within a day we had an appeal against the decision,” he noted.
It is recalled that days ago the Board of Directors decided to award the offer to Cyta for the supply and installation of 400,000 smart electricity meters, to comply with a regulatory decision of the CERA and the commitment of the Republic of Cyprus to the EU Recovery Mechanism. Three companies competed for the tender.
Cyta had submitted the most expensive offer, but the Evaluation Committee of EAC judged that it was the most suitable proposal, based on the terms of the announcement. Cyta’s offer amounted to €40 million.
