PRESS RELEASE

Athens, 27 May 2021

TERNA S.A. to participate in three new energy infrastructure projects with a total budget of ¤ 60 million

TERNA S.A., a 100% subsidiary of GEK TERNA Group, adds three new energy infrastructure projects with a total budget of 60 million Euros to its portfolio.

Specifically:

Α) TERNA S.A. was awarded the tender of the PPC RenewablesΆ subsidiary companies, namely "Arkadikos Ilios I S.A.” and “Arkadikos Ilios II S.A.", concerning the project "Planning, Design, Civil Engineering Works, Supply, Transportation, Installation and Operation, of Two (2) PV Plants and one (1) Outdoor Substation". The photovoltaic stations, with capacity of 39MW and 11MW, as well as the outdoor substation will be installed at the location Megales Lakkes of Municipality of Megalopolis in the Peloponnese Region, in areas expropriated by PPC. The project has a budget of over 28,5 million Euros (including VAT).

B. TERNA S.A. is also the preferred bidder in two tenders of the Hellenic Gas Transmission System Operator (DESFA) for the terminal of Revythousa. In more detail :

1. The first tender concerns the project "Detailed Engineering, Procurement and Construction of a new quay wall for a small scale LNG carriers at Revythousa LNG terminal". TERNA, in joint venture with Construction Company – Christopher D. Constantinidis SA, will undertake the detailed engineering, electromechanical / civil works for the construction of a quay wall, sufficient to accept cargo ships with a capacity of 1,000 m3 to 30,000 m3. This quay wall will be built on the northeast side of Revythousa and will have a total length of about 20 meters. In addition, ancillary facilities will be constructed, such as a new inspection building, whereas there will be supply of materials and equipment for the construction and installation of the necessary pipeline network, fittings, instruments and automatic control as well as telecommunication systems. The total budget amounts to 17 million Euros (including VAT).
2. The second tender concerns the project "Detailed Engineering, Procurement and Construction of Bog Compression Station at Revythousa terminal”. The project, with a budget of 15 million Euros (including VAT), includes detailed engineering, electromechanical / civil works for the construction of the building where the compressor will be installed, the installation of all auxiliary equipment as well as the pipeline networks for gas, water and the expansion of existing auxiliary networks of the Station (compressed air, nitrogen, etc.).

It is reminded that the total construction backlog, concerning signed as well as to be signed projects, of GEK TERNA Group amounts to approximately 3 billion Euros.   

Information:        Press Office & Public Relations: Danai Kalantidi, tel. +30 210 6968000, dkalantidi@gekterna.com