The CEO of DEPA Commercιal, Mr. Konstantinos Xifaras, speaking at the Economist conference, described the systematic evolution of the company, during the last two years, into an integrated energy company.
Mr. Xifaras emphasized the fact that DEPA Commercial’s new business plan, responds to market trends – the energy transition, the continuous increase in demand for natural gas, with predictions of 75 TW by 2025, but also the intensity of competition – which favor companies with high vertical integration.
“DEPA Commercial has achieved a total recovery in the last two years. It regained a significant market share in its main commercial activity and successfully completed its transformation, maintaining exemplary labor peace at the same time. Our main drive is the differentiation of products and markets and the vertical integration. In the liberalized and highly competitive domestic market, in view of the privatization, the high vertical integration increases the competitiveness of DEPA Commercial “.
The CEO of DEPA Commercial also mentioned natural gas, which plays a key role in the energy transition, and especially in our country it will fill much of the gap that will be created by the planned withdrawal of all lignite plants by 2028.
For this reason, DEPA Commercial – underlined Mr. Konstantinos Xifaras – is constantly expanding the uses of natural gas, offering more products and opportunities to consumers.
At the same time, as clarified by the CEO of DEPA Commercial, the company, in collaboration with
DEPA International Projects “develops the infrastructure that guarantees the energy efficiency and security of our country while turning Greece into an international energy hub, upgrading its economic and geopolitical position. Alexandroupolis LNG Station, EastMed, IGB “.
Mr. Xifaras noted that alongside with de-cardonization and the energy transition being a great challenge for the companies in the energy sector, DEPA Commercial:
All the initiatives undertaken by DEPA Commercial in the last two years, noted Mr. Xifaras, “had the fully support of the Board at every step and were crowned with success thanks to the work and dedication of the company’s executives. With these targeted moves, as Mr. Xifaras stressed, “DEPA Commercial managed to convert from a possible problem into a valuable asset for its shareholders (the Greek State) and its customers, enhancing constantly its value, in view of its privatization »