Kyriakides Georgopoulos has advised Blue Grid Gas & Power on the acquisition of the 999-kilowatt Biomesti biogas production unit in Mesti, Evros.
According to the firm, the buyer was the Bluefuel company, a member of Molgas Energy Holding and an affiliated entity of Blue Grid Gas & Power. A capacity increase of an additional 999 kilowatts is envisaged for the Biomesti production unit.
"Following the acquisition, the ultimate goal of Bluefuel is, among others, to increase the capacity of the unit and to install a unit upgrading biogas to biomethane, a product chemically identical to conventional LNG," the firm reported.
The Kyriakides Georgopoulos team included Counsel Ioanna Barmpa, Associates Anna-Maria Papamichalopoulou, Iakovos Koulouris, and Eleana Gkotsoulia, and Junior Associates Alkistis Vallianatou, Maria Agapi Alexiadi, and Nina Leopoulou.
Kyriakides Georgopoulos did not respond to our inquiry on the matter.