Sale Of DEPA Gas Unit Postponed



depaWith the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has been postponed “for technical reasons” and will be held within the last 10 days of May “to ensure the integrity of the project,” a media representative of the Hellenic Republic Asset Development Fund (TAIPED), told New Europe.

“Essentially, we are talking 10 days later,” Maria Tsinaridou said. “The deadline has been moved to the last 10 days of May.” After the binding offers are made the selection will be made in the immediate future but definitely within 2013, she added.

The deadline has been delayed before but Tsinaridou said “there won’t be another (postponement.) There are technical reasons. The project has a big national significance and essentially it is for technical reasons to assure the integrity of the process,” she said.

Russia’s Gazprom and Sintez and Azerbaijan’s state oil company SOCAR are three of the five contenders for DEPA.