GEK Terna Holding Real Estate Construction (Genikós etaireía Kataskevastikí)() is a large

Greek Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family **Proto-Greek language, the assumed last common ancestor of all kno ...

conglomerate which is listed on the Athens Exchange. Its

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

branch Terna is one of the leading enterprises of its sector in Greece. GEK Terna's

electric utilities An electric utility, or a power company, is a company in the electric power industry (often a public utility) that engages in electricity generation and Electricity retailing, distribution of electricity for sale generally in a regulated market. El ...

branch ''Terna Energy'' lately focused on the production and transmission of

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

. Through its subsidiary Heron S.A., it is also involved in the construction and operation of

thermoelectric The thermoelectric effect is the direct conversion of temperature differences to electric voltage and vice versa via a thermocouple. A thermoelectric device creates a voltage when there is a different temperature on each side. Conversely, when ...

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stora ...

fueled with natural gas as well as the supply of Electricity and Natural Gas to consumers. ''Terna Energy'' is listed separately on the Athens Exchange ( ).

Company

The company was formed when former competitors GEK and TERNA merged in 1999. Until 2008, GEK was the name of the holding with TERNA being its operational branch. The

Athens Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southe ...

-based company has been listed at the Athens Exchange since 1969 and belongs to the 25 companies forming the

FTSE/Athex Large Cap The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange. the stocks comprising this index are: Viohalco, Coca-Cola HBC AG, EYDAP, Terna Energy, Lamda Development S.A., Hellenic Pet ...

index. In 2013, U.S. investment firm York Capital Magagement bought a 10% share of the company.

Sectors

Rail privatization bid

Following the

Greek government-debt crisis Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family ** Proto-Greek language, the assumed last common ancestor of all kn ...

, GEK Terna showed interest in the planned

privatization Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

of Greek state-owned railway carrier TrainOSE. Together with the state-owned railway companies of Russia and France, RZD and

SNCF The Société nationale des chemins de fer français (, , SNCF ) is France's national State-owned enterprise, state-owned railway company. Founded in 1938, it operates the Rail transport in France, country's national rail traffic along with th ...

, and Romanian private railway carrier Grup Feroviar Roman, it placed a joint bid for TrainOSE and the Hellenic Company for Rolling Stock Maintenance (Rosco), currently held by the

Hellenic Republic Asset Development Fund The Hellenic Republic Asset Development Fund (HRADF; , ΤΑΙΠΕΔ) is a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participat ...

. Following the January 2015 legislative election, the new

SYRIZA The Coalition of the Radical Left – Progressive Alliance (), best known by the syllabic abbreviation SYRIZA ( ; ; a pun on the Greek adverb , meaning "from the roots" or "radically"), is a Centre-left politics, centre-left to Left-wing politi ...

-led administration however put the decision under review.

Kavala Port

In January 2025, GEK Terna's subsidiary, Sarisa, took over the sub-concession for the Kavala Port's commercial use. The agreement, valued at around €34 million, grants Sarisa the rights to operate, maintain, and develop part of the port for 40 years. The investment plan includes €36 million for further development and heavy maintenance.

Attiki Odos

In 2024, GEK Terna signed a 25-year concession agreement for

Attiki Odos Attiki Odos () (''Attica Road'') is a toll motorway system in Greece. The Attiki Odos motorways form the outer beltways of the Athens, Greater Athens metropolitan area. The total length of the motorways is . The Attiki Odos system currently cons ...

, which spans approximately 70 kilometers serving as the peripheral road axis for the greater metropolitan area of Athens.

References

Sources

External links

* — + {{Authority control Construction and civil engineering companies of Greece Conglomerate companies of Greece Renewable energy companies of Greece Companies based in Athens Energy companies established in 1969 Renewable resource companies established in 1969 Conglomerate companies established in 1969 Companies listed on the Athens Exchange Companies in the FTSE/Athex Large Cap Greek brands Greek companies established in 1969