The investment plan of 6.5 billion euros already has secured as much equity as the required financing, a fact that allows the Group to proceed with its smooth implementation, assured the head of GEK TERNA, George Peristeris, during today’s teleconference with analysts, on the recently announced financial results for 2021.
Regarding the repayment of the net debt, Mr. Peristeris stressed that this is done without reduction to the parent company and with a long-term horizon of 70%.
At the same time, the head of GEK TERNA estimated that it is still early to fully assess the impact of the increase in the cost of raw materials, however he pointed out that the curve is already gradually becoming flat and is expected to normalize.
Asked whether there has been interest in TERNA ENERGIAKI, Mr. Peristeris stressed that in the past it has been repeated, especially in the last 4-5 years, with proposals sometimes twice a year.
“In this context, and given the international trend for upgraded valuations in energy companies – especially those operating in clean energy – we have recently received relevant proposals,” he added, but stressed that there is nothing specific and therefore announceable at present.
Mr. Peristeris also underlined that “despite the fact that 2021 was also a year with special challenges, not only for the Greek, but also for the world economy, our Group managed to strengthen its leading position”.
Regarding the Construction sector, the head of the GEK TERNA Group stressed that “we have increased the backlog, maintaining the prospects for a healthy construction activity in the near future”.
For the Concessions, he underlined that “we have formed a very remarkable portfolio that is expected to contribute significantly to the creation of free cash flows in the future”.
Finally, for Renewable Energy Sources, he stated “TERNA ENERGIAKI remains a leader in Greece and we are very optimistic about the company’s prospects”.
Source: Capital
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