POWER & GAS

Power Generation and Trading

The Group is active in the production, trading and supply of electricity in Greece through its participation (50%) in the Elpedison B.V. joint venture (the remaining 50% is held by EDISON International). Elpedison B.V. Group includes the 75.78% participation in the share capital of Elpedison SA, while ELLAKTOR (22.74%) and HALCOR (1.48%) own the remaining of the share capital.

ELPEDISON S.A. is currently the second largest independent power producer in Greece with a total installed capacity of 810 MW, comprising a 390 MW gas-fired plant in Thessaloniki, since 2005, and a 420 MW gas fired plant in Thisvi, since 2010.

ELPEDISON is also active in the electricity supply business, being one of the largest alternative independent electricity suppliers with sales of 1,650 GWh and a 3.5% retail share in the LV and MV customer segments in 2017, with particularly rapid growth over the course of the year.


For more information:

www.elpedison.gr

 

Natural Gas

The Group is active in the natural gas sector through its 35% participation in DEPA S.A., with the remaining 65% owned by the HRDAF. DEPA Group is active in supplying natural gas in Greece through import pipelines and the Revithoussa LNG terminal, as well as in the trading of natural gas to selected end-users (annual consumption> 100 GWh). DESFA, a 100% subsidiary of DEPA, manages and develops the National System of Natural Gas Transmission. Following the unbundling of distribution and supply activities, DEPA holds a 51% share in local supply companies (EPAs), who supply Natural Gas to customers with an average annual consumption <100 GWh through the low pressure gas network and distribution companies (EDAs) who manage the low pressure distribution network. Finally, DEPA also participates in international gas transportation projects.

In March 2017, the sellers (HELLENIC PETROLEUM and the HRDAF) in the context of value maximization of their participation in the high pressure transmission network (DESFA SA - 100% subsidiary of DEPA SA), announced a new tender for the sale of 66% of its share capital alongside the parallel termination of the previous tender. On February 16, 2018, two (2) bids were received from consortia of European companies and on 19 April, the BoDs of the sellers have accepted the offer from Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A. Joint Venture for the 66% of DESFA. The transaction is subject to approvals by competent authorities..


For more information:

www.depa.gr