GEK Terna is implementing an investment plan totaling 10 billion euros, Giorgos Peristeris, Chairman of the BoD and Chief Executive Officer, said on Tuesday during the annual general meeting of shareholders.
According to Peristeris, the capex for this year is 2 billion euros (includes the investment in Egnatia Odos), while the financing of the projects is guaranteed and there is no need for financing of the group before 2027.
The outstanding balance of projects is currently estimated at 5.5 billion euros, a significant part of which concerns constructions – investments of the group.
“Our priority is that the projects we claim will ensure their sustainability and bring value to our group and its shareholders. That’s why we offer fair prices for us and the Greek government in the tenders,” he underlined.
Meanwhile, the contract for Egnatia Odos is being approved by the Court of Auditors. The highway will be managed by GEK Terna as part of a concession contract, following a tender conducted by Hellenic Republic Asset Development Fund (HRADF).
