articles | 25 July 2014

DEFA invites bidders for gas supply

The Natural Gas Public Company (DEFA) announces it has invited a number of bidders for negotiations for the supply of natural gas.

It followed the evaluation of the commercial and financial parts of the proposals, submitted in response to its January 25 invitation.

“The evaluation has been carried out with support from DEFA’s advisors and included the opening of the financial proposals for the gas supply period of seven years with the option for extension of up to 10 years,” the company said in a statement.

DEFA said negotiations will be carried out based on a timetable that will be agreed with the parties.

DEFA is bound by confidentiality agreements and no more information will be released, the company said.

Source: Cyprus Mail

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