NiMAC (Nicosia Municipal Arts Centre, Associated with the Pierides Foundation) is housed in the renovated building of the Old Powerhouse, located in the historical centre of Nicosia. 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.