The companies IBERDROLA S.A. and MOTOR OIL (HELLAS) Corinth Refineries S.A. agreed to co-operate in the field of electric power.
The first stage of their co-operation is their joint participation in the Hellenic Transmission System Operator’s S.A. (DESMHE) bidding contest for the development of electric power generation using combined cycle gas turbines in Southern Greece, through the company KORINTHOS POWER S.A., which possesses all necessary permits.