ECONOMY


TAP awards compressor stations contract to Italian-Greek Joint Venture

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Baku, May 4, AZERTAC

Trans Adriatic Pipeline AG (TAP) has selected a joint venture comprising Renco S.p.A (Italy) and Terna S.A. (Greece) for the Engineering, Procurement and Construction (EPC) of the project’s compressor stations, the company said a statement.

In Greece, the award covers the provision of engineering, procurement, construction and commissioning of one compressor station at Kipoi, near the Greek-Turkish border.

In Albania, the award covers the provision of engineering, procurement, construction and commissioning of one compressor station at Fier, and one metering station at Billisht. The metering station is designed to measure natural gas coming from the Greek section of TAP.

The construction of the compressor stations is planned to start in the second half of 2016 and it will take approximately two years to complete. The compressor stations will be built in accordance with the highest international industry standards on health and safety, located away from highly populated areas, and causing minimum impact on the environment and local communities.

The contract for the supply of six gas turbine turbo compressor units to be incorporated into the compressor stations was awarded in September 2015 to Siemens.

Ian Bradshaw, Managing Director at TAP, said: “I would like to congratulate our successful compressor stations EPC contractors – Renco S.p.A and Terna S.A. – for their strong bid as well as thank all the companies who participated in this tender process. Renco S.p.A and Terna S.A. will be responsible for further securing of additional subcontractors to implement specific parts of the contract assignments. It is expected that this will create additional employment and economic opportunities in the regions along the TAP route.”

Renco S.p.A., an Italian company founded in 1979, provides a wide variety of services including engineering and construction for energy, oil & gas and civil infrastructures sectors.

TERNA was founded in 1972 and is the construction company of GEK TERNA Group, one of the leading business groups in Greece with more than 6,000 employees in 16 countries. The current construction backlog of the Group reaches €3 billion.

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