PPP

Firm Spanish interest for more RES investments in Greece

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Spanish renewable energy companies have expressed firm interest for further investments in the Greek market, making clear their intentions at an investment-promoting event held just days ago in Madrid and co-organized by Enterprise Greece, the official investment and trade promotion agency of the Greek State, and the Greek Embassy, with support from the Madrid Chamber of Commerce and the Spanish-Hellenic Chamber of Commerce.

Highlighting the event’s resounding success, officials of Enterprise Greece and the Greek Finance Ministry held direct talks with representatives of seven Spanish groups and agencies.

All in all, roughly 70 Spanish enterprises and institutional agencies took part in the conference.

Carlos Piñar Celestino, CEO of the Spanish group Elmya, one of the event’s speakers, offered a positive account of his company’s investment experience and success in Greece.

Both the Elmya chief executive and Luis Picas Asmarats, Investment Director of Hotel Investment Partners Group, another of the conference participants, spoke highly of Greece’s investment environment, the constructive role of Enterprise Greece as a one-stop-shop, and their cooperation with Greek government agencies.

The Office of Economic and Commercial Affairs of the Greek Embassy in Madrid informed that executives of several Spanish companies expressed interest for further talks in order to push ahead with plans regarding their investment prospects in Greece.

Also taking part, Nikos Stamos, Enterprise Greece’s Director of Investment Attraction in Energy, Environment and Services, dedicated a large part of his speech to the RES sector, as well as the food and beverages industry.

Nikos Sergis, Director of the Public-Private Partnerships Unit of the Ministry of Finance, spoke extensively on the institutional framework of PPPs and investment opportunities that exist in Greece for public-private partnership projects, mainly infrastructure projects.

 

PPC, DEPA Commercial in PPP talks for gas-fueled facility

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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.

 

 

PPC, IPTO see big potential in broadband development PPPs

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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.