AVAX - Significant international project secured
AVAX has been awarded a major €674m contract by Mass Group Holding (MGH) for the engineering, construction and commissioning of a 1,750MW combined-cycle power plant in Romania. The construction phase is anticipated to be 38 months. The project further cements AVAX’s standing in the international industrial energy market and is the third consecutive project awarded by MGH, validating AVAX’s trusted partnership credentials. AVAX’s burgeoning work-in-hand portfolio now stands at a record level of €3bn, demonstrating the company’s sustained growth strategy with a robust pipeline of projects. In addition, AVAX will propose a share buyback programme at its upcoming AGM.Avax SA, formerly J & P Avax SA, is a Greece-based construction company. It operates through four segments: Construction, Energy, Concessions, and Other Activities. The Construction segment is involved in the large-scale private and public works in energy and transportation infrastructure. The Energy segment designs and constructs mainly power plants and related structures. The Concessions segment manages the Company's participations in concession's projects. The Other Activities segment includes real estate development operations and facility management, which offers a wide range of services for managing and maintaining business installations, corporate offices and buildings. It is active both locally and internationally.
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