Gas company DEPA Commerce’s five-year business plan for 2020-2024, containing investments estimated at 200 million euros, aspires to broaden the company’s interests by also incorporating renewable energy projects totaling 200 MW, either through independent development or acquisitions of mature plans.
Privatization fund TAIPED and the energy ministry are expected to approve the DEPA Commerce business plan within July.
DEPA Commerce was formed by gas utility DEPA as a new entity for its privatization procedure.
Besides RES projects, the DEPA Commerce business plan also includes hydrogen and biomethane projects, as well as electromobility initiatives.
The company’s expansion of business activities is expected to lead to greatly increased EBITDA and profit figures.
Once finalized and approved, the DEPA Commerce five-year business plan will be included in the due diligence package for prospective bidders.