The Greek Deal.com
GEK TERNA
Adjusted net profit to shareholders € 65.7 million for the half-year
The net profit of GEK Terna Group shareholders increased by 20.1% in the first half of 2024, which amounted to € 65.7 million, of which € 54.9 million from continuing operations, the company announced.
Undertake irrigation PPPs in Larissa and Karditsa
GEK TERNA and Mytilineos take over the irrigation PPP in Larissa and Karditsa with a total budget of €131,2 million.
Signatures for the new concession contract of Attiki Odos to be signed on Thursday
On Thursday, the major meeting between the Hellenic Republic Asset Development Fund and GEK Terna is scheduled for the signing of the 25-year concession contract of the Attiki Odos. A contract that will bring to the State revenues of €3.27 billion.
One offer from TERNA Energy - TITAN for the PPP of Central Macedonia
One bid from the TERNA Energy-TTITAN consortium was submitted for the PPP project "Waste Treatment Plant (WTP) of the Western Sector of the Region of Central Macedonia.".
GEK Terna's profitability will reach €700 million in 2028
The agreement to sell GEK Terna's interest in TERNA Energy is the latest development in a year full of significant developments for the company, as stated by Chairman and CEO C. Peristeris at the Annual General Meeting of Shareholders.
Terna Energy is sold to Masdar
GEK Terna and other Terna Energy shareholders have reached an agreement for Masdar to initially purchase 67% of the company.
The deal with Masdar for the sale of over 50% of Terna Energy to be announced soon
It is anticipated that GEK Terna and the United Arab Emirates Masdar Fund will soon announce their agreement for over 50% of Terna Energy's shares.
Strategic partnership with Microsoft for digital transition and innovation
In order to achieve the Group's goals for sustainable innovation and growth, as well as to expedite the digital transition, GEK Terna and Microsoft have signed a Memorandum of Understanding (MoU).
51.3% jump in adjusted earnings
During the first quarter of 2024, the net profit of GEK Terna Group shareholders adjusted for non-operating results increased by 51.3% to € 34.8 million.
Dimand and GEK Terna started construction works for new building
The construction works of the new green building of the Technical Chamber of Greece (ΤCG) have started by GEK Terna and Dimand.
€60 million revenue from lease/sale of gas turbine units to PPC
GEK Terna Group will record cumulative revenues of €60 million from the lease to PPC and subsequent sale of three gas turbine units.