The electricity market after the crisis caused by the Russian invasion of Ukraine is back to normal.
With electricity prices moving at pre-crisis levels, while the new characteristics of the market include the massive penetration of electricity generation technologies from Renewable Energy Sources. RES dominate the mix with monthly percentages in electricity generation that exceed 50% including hydroelectric.
The battle
Also the new tariff categories (green, yellow and blue) introduced by the leadership of the Ministry of Environment and Energy have ignited competition with providers vying for higher shares of electricity supply.
The president and CEO of PPC, Giorgos Stassis
PPC
Game changer, however, in the new landscape is PPC’s strategy.
It is known to be the largest provider of electricity. The decision of the administration of the president and CEO Mr. Giorgos Stassis to stop the supply of electricity to the high voltage industries through the well-known, and often to the detriment of its financial interests, supply contracts brought major changes to the shares.
Anyone who carefully reads the data of ADMIE’s monthly energy statements will see how PPC is gradually reducing its shares in the domestic supply market.
In fact, in March, according to the last monthly energy report of the Administrator, PPC reached 50.72% of representation loads.
If you remember, at the time of the memorandums, governments were obliged to reduce the share of the public company below 50% in order to open up competition.
Strategic pursuit
The company achieves this – and it is also in its strategic aspirations to move to 50% – through the change of tactics in the supply of electricity to high voltage consumers.
So, anyway, the management of PPC is making up for the lost share as well as the revenue losses from the recent acquisition of ENEL in Romania….
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TAIPED
The TAIPED may not, at least immediately, implement a large privatization or concession, but its ADP includes several small and medium-sized assets to be exploited that bring significant added value at the regional level.
Marinas, tourist properties, land available for logistics activities are some of the assets in the portfolio of the Privatization Fund, which will be allocated through international tenders to private investors.
Kalamaria marina (Aretsou)
One of these assets located in TAIPED is the Kalamaria marina also known as Aretsou.
I am learning, therefore, how the next bet of the Fund’s administration is the concession of the specific infrastructure. It is in the southern part of the coastal zone of the municipality of Kalamaria in Thessaloniki and today the marina has 242 berths for boats up to 30 meters in length. The land area of the marina is 77,825 square meters.
The competition
The Fund is therefore preparing the tender process for the concession of the Kalamaria marina. The permitted building is estimated at 14,900 sq.m. And in this area the investor can develop commercial stores and restaurants, offices and boat maintenance facilities as well as administration buildings, hotels, guest houses. The development of houses for rent is also planned.
In the land section, the configuration of green and recreational areas as well as gentle public access to the sea front has also been planned.
The courage…
TAIPED is proceeding with the publication of the call for expressions of interest, according to my information.
Although it will have some challenges… The municipality of Kalamaria is vying for spaces and the bidding process will not be an easy task. Although as people from the Fund tell me, this specific claim is not based anywhere…
However, TAIPED has already gained valuable experience in such cases and is expected to find ways to overcome the specific obstacles and ultimately to utilize the specific infrastructure…
Let me add, how the previous attempt to grant the marina had stumbled in 2022 at the Council of State…
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Daniel
Thessaly is still measuring its wounds after the huge disaster caused last September by the bad weather Daniel.
The protests of residents and businesses do not stop regarding the payment of compensations or the restoration of damages to roads and other infrastructure.
The subsidies
However, the truth is that in terms of financial relief for those affected, the procedures have been delayed in several cases.
One such is the one we caught from “Diaugeia”. Eight months after the sweeping passage of Daniel, the Ministry of Development published a decision on the inclusion of an action entitled “Strengthening the businesses affected by the bad weather Daniel in the Region of Thessaly” amounting to 8 million euros in the Operational Development Program 2021 – 2025 and specifically in the framework of the program to strengthen the extroversion of businesses.
The thought
According to the reasoning behind the decision to grant the specific expenditure of 8 million euros “the businesses of Thessaly face insufficient liquidity and suffer a significant loss due to the consequences of the bad weather “Daniel” and the natural disasters it caused in the said region” and he goes on to explain eight months after the disasters: “Given the exceptional nature of the crisis, the damage caused was unforeseeable, extremely significant in scale and created conditions for business that are very different from those in which were functioning normally”.
And concludes the reasoning behind the decision of the Ministry of Development: “For these reasons, targeted public support is required, through a grant, to the companies in the region, which mainly carry out commercial and manufacturing activities, in order to ensure that sufficient liquidity remains available in the markets to deal with the damages caused to healthy businesses and to maintain the continuity of economic activity after the natural disasters that have been caused”.
From 8,000 euros
I don’t know if 8 million euros is enough. But if I judge from the justification for issuing the decision regarding the liquidity problems combined with the target set in terms of the number of enterprises to be subsidized, the aid is probably insignificant…
More specifically, 1,000 businesses will share the 8 million euros. That is, from 8,000 euros each…
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