What Masdar noticed in TENERG, the Pigisteri victory and the nationwide distinction, the surprising (?) bribe to HELLENiQ ENERGY and MOH, and what’s enjoying with the ice lotions – Financial Postman – 2024-06-24 20:04:54

Yesterday was formally introduced the mega deal of GEK TERNA with the Arab Masdar for the sale of the subsidiary TERNA ENERGY, the inexperienced arm of the nation’s largest infrastructure and concessions group. That is the most important deal of current years within the Greek market with an enterprise worth of three.2 billion euros.

H Masdar

The client, Masdar Hellas, is a 100% subsidiary of the corporate “Abu Dhabi Future Power Firm PJSC – Masdar” (Masdar), based mostly within the United Arab Emirates. Masdar is a frontrunner within the renewable power market, growing and working renewable power and sustainable expertise initiatives internationally. Masdar has invested greater than $30 billion in initiatives with a complete capability of greater than 20 GW. It operates in additional than 40 nations and its shareholders are Mubadala Funding Firm, Abu Dhabi Nationwide Oil Firm (ADNOC), and Abu Dhabi Nationwide Power Firm PJSC (TAQA).

What did the Arabs see?

However what did the Arab Masdar see within the Greek TERNA ENERGY and proceed with the most important acquisition it has made to this point internationally?

The subsidiary of GEK TERNA Group, was one of many first Greek firms to put money into renewable power sources in our nation greater than 20 years in the past and right now it’s the largest producer of unpolluted power in Greece and a key participant within the subject of renewable power sources within the Southeast Europe (Poland, Bulgaria), with an put in capability of 1,227 MW and a pair of,500 MW in operation, underneath building and prepared for building.

Gold property

These embrace the most important wind farm in operation in Greece, Kafireas, with a capability of 327 MW, and the most important clear power manufacturing and storage challenge in Greece underneath building, Amfilochia Pumped Storage, with a capability of 680 MW (technology) and 730 MW (pumping) /Save). As well as, TERNA ENERGY’s “inexperienced” portfolio at present contains the development of photovoltaic initiatives with a complete put in capability of 550 MW in Greece and Southeast Europe, in addition to the event of initiatives of varied applied sciences (e.g. hydroelectric, storage, hybrid, and so on. .) in Greece, the development of which is predicted to begin progressively within the close to future. As well as, it not too long ago secured one of many first two exploration licenses for pilot offshore wind farms in Greece.

Win

Generally, Masdar noticed in TERNA ENERGY the best inexperienced portfolio to implement its funding plan in Southeast Europe, aiming for 100 GW of inexperienced energy internationally by 2030.

For this and yesterday’s deal – past an amazing success of George Peristeris – is one thing a lot larger than a enterprise victory, it’s a nationwide distinction for the Greek power market.

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Surprising (?)

And amid yesterday’s optimistic local weather for the Greek enterprise scene and general for the nationwide economic system, a bit of reports got here to grey… the panorama.

The explanation for the federal government’s surprising resolution to impose a rare solidarity levy on the income of the 2 refineries of HELLENiQ ENERGY and Motor Oil. The choice was surprising for public opinion, however for the 2 power teams I do not assume so… A minimum of that is what my sources inform me. That they had been knowledgeable.

Nonetheless, from the 2 refineries the reply to a query concerning the “extortion” of 300 million euros was “no remark”.

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One case

The talk about accuracy was not solely the topic of pre-election debate. And “meals inflation” could also be waning, however the accuracy stays. And since yesterday’s go to by Prime Minister Mr. Kyriakos Mitsotakis to the Ministry of Improvement and Mr. Takis Theodorikakos symbolizes the federal government’s priorities. It’s good for the Minister of Improvement to take into consideration the next case.

Scandalous

Due to this fact, in these situations of excessive temperatures, sure merchandise have their due! Like ice lotions for instance. That are outrageously costly. And I am referring to the person ice lotions and never a lot the household packs. Particular person ice lotions achieved and “constructed” excessive costs over the past three years. Manufacturing firms began from the troublesome summer season of 2022. When costs have been rising by leaps and bounds!

Two plus one appreciations

So then the businesses within the ice cream trade diminished the amount and raised their value. The rise was twofold. However within the local weather of these days, customers “swallowed it up”! After all, the related experiences have been made, however the firms – primarily the multinationals – had numerous causes to invoke them. 2023 got here and ice lotions have been repriced once more. Okay, this yr there was no revaluation, however now their value is extraordinarily excessive in comparison with, for instance, 2021 and with out the explanations of 2022. A bit of even their packaging will appear to be … ice cream cones!

The “pl”

Within the grocery store market with household packages issues are totally different. As a result of virtually all grocery store chains have corresponding non-public label merchandise and in reality their value could be very totally different – ​​a paradox for a pl product in relation to a branded product – and customers have a transparent alternative. However within the hundreds of small factors of sale – kiosks and mini markets – there isn’t a second alternative….