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HELEX GROUP

Securities Corporate Actions

COMPANIES

A new investment of PPA S.A. at the Ship Repair Zone in Perama 

PPA S.A. announces the signing of the agreement for the implementation of the project: “Infrastructure Improvement of Ship Repair Zone in Perama – Phase Β”, on a budget of approximately € 20,000,000, which is part of the Mandatory Investments, agreed with the Greek State.
The current project refers to the upgrading of the existing port infrastructure, the construction of new infrastructure and E/M installations. The works are summarized below:
  • Reconstruction of the superstructures.
  • Reconstruction of rails for the installation of cranes.
  • Reconstruction of floors in a specific area of ​​the ship repair zone.
  • Construction of a surface rainwater collection network and rainwater runoff from the railway vessels.
  • Construction of two new Substation buildings (No 3 and No 4) and a Pumping Station.
  • Upgrading the existing and installing new E/M networks, equipment and infrastructure.
The above investment aims to further upgrade the infrastructure and electromechanical installations, to enhance the facilities productivity and and eliminate the shortage of power and water supply in berthing slots of Ship Repair Zone. All the previous and ongoing development achieved by PPA, will maintain the direct contribution to the local entities for increase business and to the further creation of new job opportunities locally.
It should be noted that one more tender is in progress for the supply and installation of two (2) new cranes, type Jib Cranes at Pier I and Pier II in the Ship Repair Zone in Perama, on a budget of more than € 5 million.

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