The Fund is under the management and administration of the Management Committee of the Renewable Energy Sources and Energy Conservation Fund (“Committee”).
The Committee is composed of the following members:
(a) the Permanent Secretary of the Ministry of Energy, Commerce and Industry or his/her representative, as the Chairman of the Committee;
(b) the Permanent Secretary of the Ministry of Finance or his/her representative;
(c) the Permanent Secretary of the Directorate General of European Programs, Coordination and Development or his representative;
(d) the Director of Commerce and Industry of the Ministry of Energy, Commerce and Industry, responsible for energy matters or his/ her representative;
(e) the Accountant General of the Republic of Cyprus or his/her representative; and
(f) representative of the Scientific and Technical Chamber of Cyprus.
On the basis of the Promotion and Encouragement of the Use of the Renewable Energy Sources Law of 2013 to 2018 (Law 112(I)/2013), the Committee has the authority and the duty to manage the funds which are deposited or entered into the Fund in order to pursue and achieve its purposes. The Committee operates under the general supervision of the Minister of Energy, Commerce and Industry and in compliance with his respective instructions.