Lambadarios Law Firm has advised Athens Water Supply and Sewerage Company (Eydap) on an international tender procedure for the award of a five-year services agreement regarding the operation and maintenance of Psyttalia Wastewater Treatment Plant (WWTP).
The agreement has been awarded to the joint venture "Aktor SA (40%)-Avax SA (40%)-Ergotem SA (20%)," and includes, among others, interventions for the modernization of the facility as well as for its functional and energy upgrade, for a total consideration of EUR 174.9 million, with the option right for an annual extension EUR 34.3 million.
Eydap is an Athens Stock Exchange-listed company, serving over 4 million customers. The company operates in the water supply, sewerage, and wastewater treatment sectors. The length of water pipelines is 14,000 kilometers.
WWTP is an environmental project for Greece. The project includes a wastewater treatment plant in the greater Athens area.
The Lambadarios Law Firm team included Partner Yannis Kourniotis and Associate Magdalini Christina Vlachou Vlachopoulou.
Lambadarios Law Firm did not respond to our inquiry on the matter.