INTRAKAT AND INTRACOM TELECOM SIGNED IN J/V A EURO 3.17 MIL. BUDGET CONTRACT WITH DEPA

INTRAKAT and INTRACOM TELECOM undertook in joint venture the construction of the telecommunication system of natural gas transmission system for the Public Gas Corporation of Greece (DEPA). The total budget of the project amounts to euro 3.17 mil.

INTRAKAT and INTRACOM TELECOM participate in the joint venture with 70% and 30% respectively. The project, called “Detailed Engineering, Procurement Construction and Integration Works for Telecommunication System of Natural Gas Transmission System in Greece”, is estimated to be completed by the end of 2007.

The agreement includes all necessary requirements for the Telecommunication Systems of the Natural Gas Transmission System, consisting of the engineering works, the procurement of all necessary materials and devices and the construction, installation, commissioning and integration of the designed Telecommunication Systems. Works will take place at:

• The Greece-Turkey Interconnector (Komotini – Kipi Pipeline) including Alexandroupolis M/R Station.
• Other Metering Stations (Excluding Alexandroupolis M/R, Antikyra M, Megara M/R, Sousaki M/R and Motor Oil M Stations).
• Mavroneri-Antikyra Pipeline including Antikyra M Station.
• Korinthos Pipeline including Megara M/R, Sousaki M/R and Motor Oil Stations.