AGREEMENT BETWEEN THE J/V ELTER – INTRAKAT AND EPA ATTIKIS SA FOR THE EXPANSION OF THE NATURAL GAS NETWORK IN THE SOUTH AND PART OF CENTRAL ATTICA REGION
Peania, October 31, 2007 – The Joint Venture ELTER – INTRAKAT signed a new contract, on Friday October 26, 2007 with EPA ATTIKIS S.A. (Gas Supply Company) for the construction of the natural gas distribution network and pipeline for the south and part of central Attica regions.
The contract’s estimated value is at 29.8 mil. Euros and involves the construction of 250 kilometres of natural gas pipeline. The ELTER – INTRAKAT joint venture, will commence works in a month’s period and will expand the natural gas network in the following areas of the Attica region: N. Smyrni, P. Faliro, Dafni, Vyronas, Kaissariani, Ymittos, Ilioupoli, Glyfada, Argyroupoli, Elliniko, St. Demetrius, Alimos, Voula, Koropi (the Municipalities presented herein are in volume of constructions work order).
The natural gas network expansion works in the South & Central Attica regions together with the existing network in these specific areas will give the opportunity in 233,000 households to acquire access to the natural gas, presenting 59% coverage, and it is also foreseen that another 25-30 large industrial and commercial consumers will also connect to the network. In addition, 8 kilometers of steel Mid-pressure network will be constructed and up to 40 distribution stations will be established, which will enhance the existing network’s capacity.
INTRAKAT was founded in 1987 and belongs to INTRACOM HOLDINGS Group of companies. Since 1999, the company holds a 6th degree contractor license from the Register of Contractor Companies, and as of November 2001 the company listed on the Athens Stock Exchange. In 2005 INTRAKAT merged by absorption with INTRAMET (steel structure company). INTRAKAT has extensive experience and advanced know-how in the fields of constructions of technical projects, steel structure and telecommunication infrastructure projects. Over the past 20 years, the company implements public and private technical projects regarding: building works, infrastructure projects, advanced technology projects and telecommunications infrastructures, industrial and energy projects, E/M installations, steel structures, natural gas distribution projects and environment projects in Greece and abroad. INTRAKAT group employs 578 people.