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THE CABINET yesterday appointed a chemical engineer to head the natural gas public company DEFA. Eleni Vasileiadou has previously worked as business development manager for major oil and gas company Shell International Gas Ltd (UK), among others.She is taking over as DEFA head following the cabinet’s political decision to sack the previous chairman, Costas Ioannou, over alleged actions committed in his previous role as head of the energy regulator. The cabinet yesterday also appointed businessman Michalis Andreou to the DEFA board.A political decision to sack Ioannou was taken after the attorney-general submitted a report to the cabinet, with the government spokesman speaking of “serious misconduct... 3 comments
A PROBE is underway into possible criminal offences committed by Costas Ioannou in his previous role as head of the energy regulator.A police spokesman said yesterday that depending on the outcome of the investigation, the force will recommend – or not - to the Attorney-general that the case warrants prosecution.Last week the Cabinet took a political decision to sack Ioannou from his current position as head of the natural gas public company DEFA. The move followed a report submitted to the cabinet by the Attorney-general, with the government spokesman speaking of “serious misconduct.”Ioannou, who has the right of appeal, has not been formally dismissed yet... 6 comments
THE CABINET has decided to fire the chairman of Cyprus’ natural gas company, DEFA, because of serious misconduct, government spokesman Christos Stylianides said yesterday.Stylianides said the decision to sack DEFA chairman Costas Ioannou came after the attorney-general handed over a report to President Nicos Anastasiades.Stylianides did not disclose details. He said that the commerce minister – as the relevant official – would forward the cabinet’s decision to DEFA. “Other clarifications will be given by the commerce minister as soon as possible,” Stylianides said... 4 comments
The government has decided to sack the chairman of the island’s natural gas company due to serious misconduct, the spokesman said yesterday. Christos Stylianides said the cabinet decided to dismiss DEFA chairman Costas Ioannou after a damning report drafted by the attorney-general was submitted to President Nicos Anastasiades. Stylianides did not disclose any details. Media reports suggested that the decision was linked with a permit given to a private company to operate a power station when Ioannou was the chairman of the island’s energy regulator CERA in 2009... 15 comments
THE NATURAL Gas Public Company (DEFA) is due to begin discussions next week with one of three companies interested in supplying Cyprus with natural gas until the island can start bringing in its own supply. Three companies have been selected for the final stages of an evaluation procedure for beginning to supply gas by early 2015 through to September 2018. Head of DEFA Costas Ioannou said that the financial aspects of the bids would be examined next Wednesday by the board if all other requirements were met. “If they do not fulfil all the other requirements, there is no reason to know what price a company set,” Ioannou said... 3 comments