Of Thanks to Floudopoulos
The final titles in the ongoing tender for the sale of DEPA Marketing were set by the supervision report published by the European Commission.
As stated in the text of the report, the tender can not proceed due to the ambiguity that exists regarding the outcome of a pending court decision (ELFE), in which the final decision is expected to be issued in 2 to 3 years. Therefore, the report states, the HRDH examines other trading structures.
It is recalled that the litigation of DEPA Commerce with ELFE concerns the way of calculating the price of natural gas, with the fertilizer industry claiming damages, considering that overpricing was done.
In essence, the monitoring report puts a definitive end to the competition, in which all the major players in the domestic energy market participated, while leaving different scenarios open for the next day. These include the listing on the stock exchange, as well as the sale of the supply activity of DEPA trading (Natural Gas Hellenic Energy Company).
DEPA Infrastructure
In addition to DEPA Commerce, the monitoring report also refers to the tender for the sale of DEPA Infrastructure, which has been effectively completed since March 15 with the promotion of Italgas as the preferred investor.
It is recalled that the Italian company offered 733 million euros (476 million euros will be directed to the HRDH and the rest to the ELPE). Italgas certification by the Energy Regulatory Authority is expected by the end of May and the financial closure of the transaction in mid-June.
Finally, the report refers to the latest energy privatization, the concession of the Underground Gas Storage of southern Kavala.
According to the report, the first text of the concession agreement is expected to be distributed to investors who have passed the final phase of the tender by the end of May.
By the same date, RAE is expected to have issued the decision to set the framework for the warehouse use invoices, which was in public consultation until April 11.
The submission of binding offers is expected by the end of July and the selection of the preferred investor by the end of October, provided that the RAE decision on the tariffs will be issued in time.
Source: Capital
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