The energy ministry is considering to soon launch a tender for the development of an underground gas storage facility at a depleted offshore gas field in the south Kavala region and defer a crucial decision on whether the facility will operate as an independent or national grid project for a latter date, energypress sources have informed.
The ministry wants to move ahead as fast as possible to meet EU funding deadlines for this project, on Brussels’ PCI list.
Prospective investors should not be concerned about the impact of this decision on their investment plans as the project’s status, whether independent or part of the national grid, will not affect the tender’s participation terms and conditions, energy ministry sources contended.
However, this element of ambiguity could unsettle investors and cause further delays, pundits have warned.
The pending decision on whether to classify the facility as an independent or national grid project appears to be the reason why the energy ministry has delayed issuing a related ministerial decision.
A ministerial decision is needed to clarify legal matters concerning the project as well as its pricing policy, regulated earnings and minimum yield. Privatization fund TAIPED needs this information to launch the tender.