Scale and verticalization are important in the modern energy market, and this is exactly what Motor Oil and GEK TERNA are trying to leverage through the new scheme they created and announced yesterday (10.7.2025).
Now, the new market player will have a share of close to 17% and a clientele of almost 490,000 customers in electricity so he can lead.
At the core of the project lies conventional gas production, which is the pillar of the continuous supply of electricity by providing flexibility to the system. In addition to the new Komotini unit, 877 MW, Utilityco will have full control of the HERON II Unit, 441 MW and 35% participation in the Korinthos Power power plant, 437 MW.
However, there are additional benefits that one group acquires from each other. For example, the new entity has the large cumulative representation of RES producer representation, Optimus Energy. It is important paper in a market that is increasingly moving towards green sources of energy.
The same is true of other individual markets, such as electric motors, but also energy services and energy trading.
In this way the new company aspires to stand next to the two biggest players in the current, namely PPC and Metlen. At the same time, it aims to operate abroad, considering possible opportunities in the wider SE Europe region.
Finally, this new partnership testifies to the tendency that has existed in recent years in the electricity market, as mergers and acquisitions are the rule in the midst of intense competition.