DEPA to launch distribution company covering new urban markets

DEPA, the Public Gas Corporation, has been given the green light by company shareholders to establish a new gas distribution company that will cover supply to new urban gas networks, whenever these are developed, in provincial cities where such infrastructure currently does not exist.

The list of provincial cities where new gas networks are envisaged includes Halkida, Lamia, Thiva and Livadia.

Though EDA (Gas Distribution Company for the rest of Greece), the new company to distribute to all these prospective markets, is being established as a wholly owned DEPA subsidiary, the parent company will not have a say in its administrative matters.

The DEPA decision to establish a new subsidiary firm was approved at an extraordinary shareholders meeting that needed to be rescheduled after a late-November date was missed due to bureaucratic delays.