The Chairman of the Cyprus Energy
Regulatory Authority (CERA) George Shammas has resigned and already
informed the President last month. His term in office was supposed to
expire at the end of January 2016.
Shammas told reporters that his resignation has been already accepted by
President Anastasiades and he asked to remain in office until September
30.
Shammas said that the main reason behind his decisionwas that he had
completed his task at CERA, noting that it would be much better for the
regulatory framework of the electricity market to be implemented by a
new Chairman. As he said, the implementation of the regulatory framework
will last 3-4 years.
(financialmirror.com)
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