In 1999, its merger with GEK S.A. – a company with an already dominant presence in the construction sector – and the establishment of a strong overall Group was a significant contributing factor to the further development of TERNA.
Today, TERNA is the construction and energy company of the GEK TERNA Group.
The solid and continuous development of TERNA brings significant added value to the GEK TERNA Group and it is fostered by the efficient implementation of major projects in top quality and high reliability.
Presently TERNA is focusing on the completion of major and complex infrastructure and building projects that has already undertaken. Based on its solid domestic foundation, TERNA is now systematically and carefully strengthening its business activities in other countries.
Besides the fact that TERNA ENERGY builds its own RES installations, it also undertakes and constructs specialized public and private works, having been awarded the 6th grade construction certificate.
The company has a long experience in the construction of Electromechanical, Rail and Energy works.
“ILIOHORA S.A.” was established in 2001 as a subsidiary of the technical company “DOMIKI ANAPTIXI ABETE” and engaged in the management and development of real estate assets and relevant construction projects. The company activated in the area of Project Management and successfully build the largest LOGISTIC CENTER in Northern Greece (DI.KE.BE.). It has also completed its development plan in a privately owned land, by the sea, with a total area of 10,000 sm in Sifnos island (the project’s phases included studies, granting of permission, market research, etc.).At the same time, the company proceeded with significant research efforts for the development of countryside houses, such as in Tzia, Arahova, etc. The company obtained satisfactory market data and was close to the purchase of own land with the purpose of real estate asset development in those areas.
Finally by employing the appropriate technical and scientific staff, the company was granted with a certificate in order to operate as TERNA S.A.'s technical company, belonging also to the GEK Group of Companies.
At the same time the company kept intact its corporate autonomy, whereas after electing a new Board of Directors on 11/8/2002, it made further dynamic steps in order to establish its position in the sector of Technical Construction Companies. It must be noted that the company has placed a special emphasis on technical works.
For this reason, it was granted with a 4th grade certificate (according to the new classification order in Greece), which allowed the company to target infrastructure works and construction of buildings.
At the same time, the company was granted with a 3rd grade "green" certificate and thanks to its scientific staff (including agriculturists, architects etc.) obtained a significant specialization in "green" projects. Currently, it is involved as either direct collaborator or indirect contractor in several "green" construction projects relating to the Athens Olympics (OAKA, SEF, TRAM, BEACH VOLLEY, OLYMPIC VILLAGE, etc.).
Thanks to its activities as well as its abilities in the area of "green" projects, the company has become one of the most dynamic players in this business. The company's activities are characterized by the following:
Apart from activating in the construction business, the company continues to engage in the real estate business, placing emphasis on the construction of countryside houses in tourist areas or in areas located near the sea (independent house complex in Faros Sifnos, countryside house complex in Zemenos Arahova, etc.).
HERON owns and operates a 147 MW gas fired plant in VIOTIA- an area next to ATHENS- which is designed to cover the system's reserve needs, as well as the needs in periods of high demand, over the following years. Also, HERON builds a 435 MW power plant in the same area.
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The production unit is installed in Trikala and the basic sleeper the company constructs is the German B-70, which is in accordance for high-speed railways.
Technology is German, whilst their specifications are in accordance with those of O.S.E (the Greek railway organization) and the German Railways.
Since 2001, more than 400.000 sleepers have been produced and been installed in O.S.E 's network.
The capacity of the plant exceeds 200.000 sleepers annually.
TERNA participates with 51% in the company, whilst 49% is owned by EDRASI PSALIDAS.
GEKE A.E.B.E. was established in 1987. The need to create a factory of wood constructions in order to cover every requirement of a simple or specialized building construction - in terms of time and quality - led to the establishment of this company. For the above reasons, the new factory was organized and operated by utilizing specialized personnel and equipment, along with the knowledge of international regulations. Currently, the company possesses know how in specialized wood constructions. The company acquired its know how by undertaking and implementing various projects such as office buildings, hotels, houses, and Athens and Thessaloniki Music Halls.
The company possesses privately owned production facilities in Bogiati, Attiki. Its facilities are located on a land with a total area of 1,778 sm at the 23rd km of the National Highway Athens - Lamia. The company's building, which has been erected on this land, has a total area of 1,778 sm and currently hosts offices and production facilities. The factory is fully equipped with modern mechanical equipment in order to produce any kind of wood products. The company's domicile is located at 85 Mesogeion Avenue, Athens, postal code 11526.
The consortium in which GEK participates has signed the concession contract with the Ministry of the Environment, Physical Planning and Public Works of the Hellenic Republic to build and operate the "Central Greece toll road (E65)".
The road measures 231 Km in total and runs north-west/south-east through central Greece, connecting PATHE (Patra-Athens-Thessaloniki) toll road and the Egnatia motorway. The highway comprises two sections (see map):
• Concession term: 30 years
• Consortium: GEK Group (33,33%), Cintra (33,34%), Grupo ACS (33,33%)
The road is divided into two separated sections:
• Concession Term: 30 years
• Length: 378,7 Km
• Toll system: Closed explicit
• Consortium: GEK Group (33,33%), Cintra (33,34%), Grupo ACS (33,33%)
GEK TERNA S.A. participates in ATHENS CAR PARKING STATIONS S.A., which studies, constructs, self-finances and operates 4 underground car parking stations, with a total capacity of 2,150 cars in Athens. These stations are located in the following areas:
GEK S.A. participates with a percentage of 99,94% in the company «HEIRON S.A.», which has undertaken by virtue of a concession contract with the Municipality of Volos, the exploitation of a multi-storey Garage of 161 spaces with a ground floor for commercial uses on Ogl and Kontaratou Streets in the Municipality of Volos for 50 years.
The Garage has been operating successfully since June 2006 whereas the ground floor has been leased.
The Group participates in the Company "Parking OYHL".The company built and operates underground parking station (280 parking spaces) in central spot of Larissa.
The Group participates in th Company «SALONIKA PARK S.A.» which studies,constructs, self finances and operates 2 underground car parking stations, with a total capacity of 1.000 in the center of Thessaloniki. These stations are located in the following areas:
a) Papanastasiou St. & K.Karamanli St.,
b) Meg. Alexandrou St. & J. Papandreou St.