Power utility PPC and gas company DEPA Commercial, both state-controlled, are involved in advanced talks with private energy groups for a joint investment concerning the development of a gas-fueled power station.
PPC and DEPA Commercial have already agreed to join forces for this project and are now discussing the matter with private investors for the establishment of a public-private partnership (PPP), energypress sources informed.
More talks are necessary before the PPP’s formation can be considered a certainty, it is believed. Reports claiming that PPC and DEPA Commercial are holding talks with private companies that are either already developing or close to completing combined cycle gas turbine (CCGT) plants remain unconfirmed.
Officials at PPC are interested in the CCGT plant as they believe natural gas prices will deescalate over the next few years, while DEPA Commercial has decided to enter the domain of electricity generation as part of a wider company plan to vertically integrate its operations.
Power utility PPC and power grid operator IPTO, both seeing enormous potential in the further utilization of their thousands of kilometers of distribution and electricity transmission networks covering the entire country, have emerged as contestants in a tender for a broadband network expansion project, one of Greece’s biggest Public Private Partnerships (PPPs) to date.
PPC and IPTO know well their existing nationwide infrastructure is a treasure whose potential is far from fully realized. Fiber optics and a large range of telephone and internet services can be added to this infrastructure.
The PPP tender is offering contracts for the development of ultra-fast broadband networks in seven parts of Greece that have not been included in investment plans shaped by telephony providers. The project is budgeted at 870 million euros.
Besides PPC and IPTO, three telecom companies, OTE, Vodafone and Wind, four construction firms, Terna Energy, Mytilineos, Intrakat and AVAX, as well as the Sultanate of Oman’s Oman Fiber Optic SAOC have emerged as first-round contenders for the tender.
Partnerships could be established between some of these ten participants, or with other investors who may be emerge later on.
According to the tender’s initial terms, bidders or bidding teams are entitled to be awarded up to three regions.