Four new corporate members join IENE

All the above groups maintain strong interests in the energy sector and are involved in a number of energy related projects across the region.

IENE's management wishes to extend a warm welcome to all the above and looks forward working with their executives for the better understanding and promotion of energy issues in Greece and South East Europe.

The following are some brief notes on what each of the above companies is doing:

(a)VTTI (https://www.vtti.com/) is an international energy company which stores, handles and connects oil flows around the world. It has 17 oil storage terminals around the worlds of which Vasiliko in Cyprus is one of the latest. The terminal has been in operation since November 2014 and it is the first of its kind in Eastern Mediterranean.

(b)EM Tech (https://emtech.global/space/) is a company focused on innovative technology applications, including software engineering, established in Athens with branches also in Germany and Cyprus. The company has over the past years been successfully engaged in various R&D projects, including power electronics for electricity transmission applications.

(c)EYDAP (https://www.eydap.gr/en/Home/), the Athens Water Supply and Sewerage Company (EYDAP S.A.). EYDAP is the largest company of its kind in Greece and serves approximately 4,400,000 customers (2,160,000 water meters) while the length of water pipelines is 14,000 km. The sewerage sector serves 3,500,000 residents with sewers spreading at almost 9,500 km.

EYDAP was founded in 1980 after the merge of the incumbent water supplier in Athens and Piraeus "Hellenic Water Company" (EEY S.A.) and the "Greater Athens Sewerage Organization" (OAP S.A.). In 1999, EYDAP took its present legal form, as all of its major assets - of dams, reservoirs, water towers, pumping stations and all other facilities that allow water to be transferred safely to treatment plants- were transferred to the company "EYDAP Assets", thus remaining the property of the Greek State. In January 2000, EYDAP S.A. was listed on the Main Market of the Athens Stock Exchange.

Lately EYDAP has developed an interest in energy as it is an important consumer and is also looking to exploit power generation opportunities through photovoltaic applications.

(d)Eurobank (https://www.eurobank.gr/en/group), is a robust financial organization that operates in 6 countries. The Group develops financial products and services, focusing on customers and their needs. It offers sophisticated choices and well-rounded services to individuals and businesses. The Eurobank Group operates with transparency, builds credibility and applies modern corporate governance practices.

Eurobank Ergasias Services and Holdings SA is the parent company of Eurobank Group. It is a listed company on the Athens Exchange.

With strong presence in Greece, Cyprus, Luxembourg, Serbia, Bulgaria and UK, the Eurobank Group counts (data as of at 31.12.2019):

·€64.8 billion in total assets

·674 customer service locations in Greece and abroad

·13,456 employees

The Eurobank Group operations encompass a wide range of financial services:

·Retail and business banking, Investment banking, Wealth and capital management, Cash management and capital market services, Financial leasing, Factoring and forfaiting, Trading services, Property services

The Eurobank Group stands also by the communities where it operates. It carries out Corporate Social Responsibility initiatives that meet their needs. It actively supports society, innovation, youth entrepreneurship, culture, the environment and sustainability.

Over the years the Eurobank Group has provided financing for several major and medium sized energy projects in Greece and SE Europe and is monitoring closely developments in the energy sector.