Prospective bidders for the partial or full sale of energy company Volterra, a subsidiary of the AVAX construction group, have been informed to prepare for binding bids within March, according to an update delivered by a major consulting firm commissioned by AVAX for the sale procedure.

This information emerged during a series of meetings staged last week by energy minister Kostas Skrekas and RAE, the Regulatory Authority for Energy, with the country’s energy suppliers, behind in their relay of energy-bill surcharge amounts to market operators and municipalities.

In accordance with standard company policy, AVAX always considers every possible option, depending on market conditions and its broader strategy, in order to to best utilize its assets and stakes, the construction group has announced.

Besides its activity in the retail energy market, Volterra is also continuing to develop its investment plan in renewables, a sector in which the company holds a strong RES portfolio with a capacity of 285 MW, comprising ten projects at various stages of maturity.