ENERGY

As there is still no agreement between Gazprom and DEPA on supply prices for next year, the Prime Minister stressed that for 30 years Russia has been a reliable supplier of natural gas and Greece, in turn, is also a reliable partner.

A typical example is a manufacturing company, with an annual turnover of 1.5 million euros, which received an electricity bill with an increase of 127%.

It should also be noted that, according to sources, the goal to reduce greenhouse gas emissions by 55% by 2030 is becoming a legal commitment while the next goals are an 80% reduction by 2040 and zero emissions in 2050. At the same time, polluting sectors, such as buildings, transportation and power plants, will have "emission ceilings" and specific commitments to decarbonize them. 

Over a period of five years, ie until the fiscal year 2026, the company forecasts that profits before taxes from 67 million euros to 924 million euros, marking an increase of 1,279.1%.

Τhere are more and more questions about the level of corporate governance, the way it has been managed by PPC, how consultants managed confidential information and the quality of information reaching the investing public.

HRADF said that its advisors will evaluate the bids and submit their recommendation to the Fund’s Board of Directors regarding the candidates that qualify for the next phase of the tender (binding offers phase).

Based on PPC’s announcement, the offer amounted to 2.1 billion euros for 49% of the value of HEDNO (Enterprise Value), including the corresponding (pro-rata) net debt of 0.8 billion euros and refers to a valuation of which amounts to 151% of the Regulated Asset Base.

The creation of a consortium with the aim of developing a portfolio of renewable energy projects in Greece was announced by CeroGeneration (Cero) and Wattcrop. Cero is owned by Macquarie's Green Investment Group portfolio that has invested about 30 billion euros in green projects.

As reported by Business Daily, the ministry is focused on introducing letters of guarantee in order to clear the landscape and leave only those who can really invest.

Fresh blow to the country's efforts to develop its natural resources project after the company's decision to cut off the international investments. Energean is seeking a new partner for the oil search.