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Greece’s Desfa Says 10 Groups May Bid in Storage Tank Tender

Feb. 24 (Bloomberg) -- Desfa, Greece’s natural gas grid operator, said 10 groups are interested in bidding to construct the third liquefied natural gas storage tank at its Revithousa Island terminal, near Athens.

Companies and groups that have expressed interest include J&P-Avax SA, Greece’s second-biggest construction company, and Posco Engineering & Construction Co. in a joint venture with Intracom Technical Steel & Construction SA. Aktor SA, the building unit of Athens-based Ellaktor SA, has also shown interest with partner Saipem SpA of Italy, Desfa said in an e-mailed statement today.

The 95,000 cubic-meter LNG storage facility, which is budgeted at 130 million euros ($179 million), is scheduled for completion in 2014, the Athens-based company said in the statement.

Separately, Desfa said 2010 pretax profit rose 56 percent on lower expenses.

The Athens-based company reported a pretax profit of 52.7 million euros. The company forecast a 22 percent increase in pretax profit for this year, according to the statement.

The Greek government plans to sell a 65 percent holding in Depa SA, Desfa’s parent company, while keeping control of the gas grid network.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

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