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Thursday, March 28, 2024

Legal battle for the new power plant of € 160 million.

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Legal battle for the new power plant of € 160 million.

The tender for the construction of a new power generation unit (unit 6) in Vasiliko has been on the “ice” for three months now. The Tender Review Authority suspended the bid evaluation process until the appeal of AVAX SA, which was excluded in the first stage of the technical evaluation. The complaining company belongs to the AVAX group, which is considered as one of the strongest construction groups in Greece, with a significant presence in the largest projects in the country and in the international market.

The EAC is sitting on burning coals. He argues that the delay will result in the entire project schedule not being feasible, so there is a serious possibility that problems will arise in the adequacy of electricity generation. The new unit should be operational by the end of April 2023. The members of the Tender Review Authority did not adopt the argument proposed by the EAC to allow the tender to proceed and unanimously decided that the provision of interim measures is justified. requested by AVAX SA to suspend the award of the tender until the hearing of its appeal. The members of the Tender Review Authority came to their decision after taking into account the possible consequences for all the interests, as well as the public interest, which includes the legality of the tender, which minimizes the risk of compensation. It should be noted that the tender in question is of the order of € 160 million. Therefore, in case the tender is awarded and an issue arises afterwards as a result of court decisions, then we will talk about damages of tens of millions of euros that will be asked to pay ΑΗΚ.

More about the issue in the printed version of “P” and for the subscribers of POLITIS PREMIUM the digital version of the newspaper in PDF at the same time with its printed circulation daily from 05.00 in the morning.

Source: politis.com.cy

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