DEPA Commercial

Hello! The news that was widely discussed was the departure of the Prime Minister’s economic advisor, Alexis Patelis, from his position at the end of the year. Let’s start with the basics: Patelis left on his own and in a good climate—this to dispel any recycled scenarios that he supposedly disagreed with the upcoming measures against banks or with the recent statements by K.M.

Hello, today I want to focus on two books from which I managed to read excerpts and found quite interesting. The first is the memoir of Merkel, including everything she says about us—Greece. During her tenure, we went back and forth—figuratively and literally—within and outside of Europe, and endured the hardships of the bailout programs. I read the Greek excerpts with great attention.

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million. DEPA Commercial will create PV farms in western Macedonia, Thessaly and Central Greece.

Author: Vitalie Platon

Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of US-origin liquefied natural gas (LNG) for the first time on Monday and Tuesday. Moldova relied almost exclusively on Russian gas under a deal with state-controlled Gazprom but stepped up diversification efforts following Moscow's full-scale invasion of neighbouring Ukraine two years ago.

Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas supply contract with Gazprom, DEPA CEO Constantinos Xifaras has said.

Helleniq Energy would consider either acquiring full control of the country's biggest gas supplier DEPA Commercial or fully disinvest from the company, its top manager said.

The positive prospects of the Athens Stock Exchange (ASE) will provide a solution to the suspended privatization of DEPA Commercial, a subsidiary of Public Gas Corporation (DEPA).

The plan is to get HELLENiQ Energy (the former ELPE) to sell its 35% stake in DEPA Commercial to the state, which, in turn, will list the company on the ASE.

DEPA Commercial is among the winners of an auction for the supply of Moldova with natural gas.

The auction, held by Energocom, covers a significant part of natural gas supply of the Moldovan market during the summer period, with the product to be delivered in the Isaccea/Orlovka interconnection point between Romania and Hungary.

DEPA Commercial on Thursday announced its entry on the Energy Exchange of Hungary CEEGEX, a move signalling the company's international expansion and establishing its leading role in energy developments, a company announcement said.