The natural gas grid operator DESFA’s collection period for a recoverable amount regarding sums from 2006 to 2015 will be shortened to 14 years instead of 18, as was originally proposed, beginning in 2018, RAE, the Regulatory Authority for Energy, has decided, according to energypress sources.
Following a series of variations, an additional two years have been added to the previous proposal for a 12-year duration.
DESFA stands to recover a total of 220 million euros, which will probably be divided into equal annual sums over the 14-year payback period.
The recoverable sum actually amounts to 320 million euros but 100 million euros of this will be covered through extra revenues generated by DESFA’s overperformance in 2017 and an anticipated overperformance in 2018, reducing the figure to 220 million euros.
The decision is soon expected to be published in the government gazette, meaning Greek authorities have an official plan to present to technocrats representing the country’s lenders at a meeting in Athens today.
The issue directly concerns investors preparing to submit second-round binding offers to an international tender offering a 66 percent stake of the natural gas grid operator.