NiMAC [Nicosia Municipal Arts Centre, Associated with the Pierides Foundation / Old Powerhouse] is housed in the renovated building of the Old Powerhouse, located in the historical centre of Nicosia after an agreement between the Electricity Authority of Cyprus and Nicosia Municipality. NiMAC was inaugurated on 14 January 1994 and it is the oldest and largest Contemporary Art Centre of the island. Its architectural restoration and conversion into a beautiful art and cultural space was awarded the Europa Nostra Award in 1994. During its thirty years of its operation, the Nicosia Arts Centre has organized and presented more than eighty exhibitions of modern and contemporary art with the participation of well-known artists from Cyprus and abroad. Many of these were organized in collaboration with museums, art centres and cultural institutions of Europe and other countries.