By Haris Fludopoulos
A two-month extension for the submission of their comments on the draft of the concession contract, according to information, the TAIPED has given the prospective investors participating in the tender for the concession of the Underground Natural Gas Storage in southern Kavala. In particular, investors have until the end of September instead of the end of July, which was the original deadline, to submit their comments on the draft concession contract.
If the text presented by TAIPED is accepted, then the Fund is expected to speed up the process of finding a solution to the issue of cost rationalization by proposing financial tools to the government. Otherwise, if the investors express objections to the text then it is very likely that the tender will never be held.
In any case, information suggests that TAIPED is in the process of searching for solutions to make the creation of the warehouse an economically advantageous investment.
It is recalled that in the competition run by TAIPED for over a year, the GEK TERNA – DESFA joint venture and Energean are finalists. One of the many obstacles to the completion of the process is the Pricing Regulation that RAE recently put up for public consultation.
As all energy market players pointed out in the public consultation, the Regulation essentially makes the investment unprofitable.
Finally, it is worth noting that in the European Union there are 146 underground natural gas storage facilities, with Greece being among the few countries that do not have a similar infrastructure.
Source: Capital
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