The tender pertains to three offshore blocks located south of Crete and the Peloponnese.

Fulgor S.A. was awarded the contract with a total offer of €61.19 million.

Following a formal decision by the Municipality of Athens to grant the property.

The engineering company announced a €11.3 million decline in turnover for 2024, alongside an increase in pre-tax profits.

The project, with an initial budget of €5 million including VAT, is funded by the National Development Program.

A total of 850 workers are currently employed at the GEK TERNA construction site.