Karatzis gets operating license for energy subsidiary

Karatzis SA on Monday announced that the Energy Regulatory Authority approved an electricity power operation license, with a power of 300 MW, to its subsidiary KEN SA

KEN SA is a 100 pct subsidiary of Karatzis SA with an equity capital of 600,000 euros. The new electricity power provider will have its own sales points and partnerships with companies operating a widespread retail network and will offer high-level services throughout the country, seeking to gain a significant market share very soon.
Karatzis Group has established activities in the electricity power sector from renewable energy sources for the last 10 years, operating photovoltaic stations with a power of 15 MW in Greece. The group also has established activities in packaging nets and in the tourism sector.