29 November 2016 12:26 (UTC+04:00)Maksim Tsurkov, Baku, Azerbaijan
Hellenic Republic Asset Development Fund (HRADF) again requested from Azerbaijan’s state oil company SOCAR to extend the term of a letter of guarantee on a tender on SOCAR’s acquiring a 66-percent stake in the Greek national gas transmission system operator DESFA until Dec. 23, the Greek media reported Nov. 29.
It is reported that the HRADF appealed to SOCAR with the aim of proper execution of the DESFA privatization contract.
“Simultaneously, Greece’s Energy Ministry is in constant contact with SOCAR and aims to close the deal in the next two days, as the current letter of guarantee expires on Nov. 30,” according to the Greek media.
February 22nd, 2016
Electricity prices do not make happy reading for gas-fired power producers in Turkey nowadays.
A surge in renewable generation, slowing demand and the impact of falling commodity prices have all contributed to pare the spot price for the last 14 months.
The story is not dissimilar to what has been happening in European power markets in recent years where renewable generation is gradually displacing thermal production, depressing power prices. The difference is that in Turkey there is a pressing need for more gas generation because of the pending expiry of contracts for public-private gas-fired plants.
But just as 5 GW of thermal plants built under the so-called build-own-operate and build-own-transfer (BOO/BOT) partnerships some 20 years ago are to be phased out in 2018/2019, there are also growing fears that Russia may act on its threats to discontinue the transit of gas through Ukraine to dependent countries by 2019.
