EXTRACTS FROM THE MINUTES
OF THE 25th/21.12.2016 MEETING OF THE BOARD OF DIRECTORS


Subject: Approval of assignment of implementation of the below Project to IPTO S.A. (ADMIE A.E.): "Upgrade of the existing 12MVAr, 20kV single-layer compensation capacitors to multi-layer ones for the years 2016, 2017 and 2018."

The Board of Directors decided to assign the project "Upgrade of the existing 12MVAr, 20kV single-layer compensation capacitors to multi-layer ones for the years 2016, 2017 and 2018", in its entirety, to ADMIE A.E. (IPTO S.A.), for a total price of euro 1,091,229.01, in line with the related SLA Draft.

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Subject: Contract No. ΔΚΣΔ (Network Construction and Maintenance Department - 160/2180474/11.3.2008 with ΑΒΒ S.A. concerning the implementation of the below Project: "Study, Supply and Installation of the 150 kV/MV Closed Type GIS Rhodes."
Resuming works and adjusting prices in the above Contract.

The Board of Directors decided the following:

1. resuming of works for the construction of the new Rhodes Distribution Center under the Contract in force wherein the price for the non-executed part thereof will be adjusted as follows:
• 771,000 € for engineering and electrical and mechanical engineering works on the building and tunnels;
• 45,000 € for the works of the main electrical and mechanical equipment;

2. supply of a new DCS (Digital Control System); upgrade of the existing protection equipment; supply/installation/testing of the equipment required for the communications between the Rhodes Distribution Center and the Regional Control Centers [Rhodes Energy Control Center (ECC) and DMS System of the Islands Administrative Department] and five-year maintenance/check of good operation of the system for an additional price of 204,000 euro;

3. amendment to Article 1 of Suppl. Νο 2 of the Contract so that the date of signature of said supplement matches the date of launching of the works.

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Subject: Approval of HEDNO’s Operating and Investment Budget for the year 2017.

The Board of Directors approved HEDNO’s Operating and Investment Budget for the year 2017.
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Subject: Tender No. 517601/15.6.2016 for the provision of the below service:
"Cleaning of HEDNO buildings in the Prefecture of Attica."
Appeals for preliminary review procedures.

In respect of the appeals submitted within the framework of Tender No. 517601/15.6.2016 on the financial information contained in Dossier 'C', the Board of Directors approved the following:

 granting of the appeal submitted by ATTIKA KTIRIA TECHNIKI ORGANOSI & SYNTIRISI LTD (ΑΤΤΙΚΑ ΚΤΙΡΙΑ ΤΕΧΝΙΚΗ ΟΡΓΑΝΩΣΗ & ΣΥΝΤΗΡΗΣΗ Ε.Π.Ε.) for preliminary review procedures against the dismissal of its offer, specifically of the financial information contained in Dossier 'C' of the above tender, and find, by final decision, that the financial offer of the above company is acceptable;

 dismissal of appeal submitted by EYK A.E. Facility Services (ΕΡΓΟΛΑΒΙΑΙ ΥΠΗΡΕΣΙΩΝ ΚΑΘΑΡΙΟΤΗΤΑΣ Α.Ε.) for preliminary review procedures against the dismissal of its its offer, specifically of the financial information contained in Dossier 'C' of the above tender, and find, by final decision, that the financial offer of the above company is non acceptable;

 dismissal of appeal submitted by "FACILITY EXPERTS I.K.E." for preliminary review procedures against acceptance of financial information of "ΜAΝΙFEST SERVICES Α.Ε.Π.Υ" and "SARP FACILITY MANAGEMENT Α.Ε." contained in said companies' offers in Dossier 'C'.

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Subject: Tender No. 513604/12.5.2016 for the sale of power transformers with copper or aluminum windings.
- The tender for the sale of items mentioned therein has been cancelled.
- The above tender has been validated in that part concerning the sale of the remainder of the items mentioned therein.

In respect of the tender No. 513604/12.5.2016 called in the form of an open procedure the Board of Directors has approved the following:

1. validation of the tender No. 513604/12.5.2016 for the sale of power transformers with copper or aluminum windings to the highest bidder per item, KΥΚLΟΜΕΤΑL S.A. (ΚΥΚΛΟΜΕΤΑΛ Α.Ε.), whose bid was found to be formally and technically acceptable for items 1 and 3, as follows:

1.1 1,800,000 kg of power transformers with Cu windings and 400,000 power transformers with Al windings located or to be stored in the Kifisos Depot at the Attica Administrative Department, (item 1), for a total estimated price of euro 1,499,200.00 (unit price of power transformer with Cu windings: 0.762 €/kg; unit price of power transformer with Al windings: 0.319 €/kg).

1.2 960,000 kg of power transformers with Cu windings and 40,000 power transformers with Al windings located or to be stored in the Aspropyrgos Depot at the Islands Administrative Department, (item 3), for a total estimated price of euro 744,280.00 (unit price of power transformer with Cu windings: 0.762 €/kg; unit price of power transformer with Al windings: 0.319 €/kg).
The total estimated amount of the assignment to ΚΥΚLΟΜΕΤΑL S.A. (ΚΥΚΛΟΜΕΤΑΛ Α.Ε.) amounts to 2,243,480.00 euro.

2. award of the tender No. 513604/12.5.2016 for the sale of power transformers with copper or aluminum windings to the highest bidder per item, MOTORI ΜΟΝ. L.T.D. (MOTORI MON E.P.E.), whose bid was found to be formally and technically acceptable for item 5, as follows:

2.1 300,000 kg of power transformers with Cu windings and 14,000 of power transformers with Al windings located or to be stored in the Regional Depot of Halkida at the DPKE (Central Greece Administrative Department), (item 5), for a total estimated price of 250,200.00 euro (unit price of power transformer with Cu windings:0.820 €/kg; unit price of power transformer with Al windings: 0.300 €/kg).

3. The total awarded amount for tender No. 513604/12.5.2016 amounts to 2,493,680.00 euro.

4. cancellation of sale of items 2 (Rio Depot, Peloponnisos - Epirus Administrative Department), 4 (Volos Depot, Central Greece Administrative Department), and 6 (Thessaloniki Depot, Macedonia - Thrace Administrative Department), because HEDNO S.A. finds that the prices offered by the highest bidders, ANAMET S.A. (ΑΝΑΜΕΤ Α.Ε.), BIOKALODIA LTD (ΒΙΟΚΑΛΩΔΙΑ ΕΠΕ), and KONSTANTINIDIS BROS S.A. (ΑΦΟΙ ΚΩΝΣΤΑΝΤΙΝΙΔΗ Α.Β.Ε.Ε) respectively are not satisfactory.

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Subject: - Contract No. 5059141/4.3.2010 singed with Hellenic Composites (ΕΛΛΗΝΙΚΑ ΣΥΝΘΕΤΑ ΥΛΙΚΑ ΑΕΒΕ) for the supply of L.V. Meter Boxes;
- Contract No. 5051031/9.5.2011 with Hellenic Composites (ΕΛΛΗΝΙΚΑ ΣΥΝΘΕΤΑ ΥΛΙΚΑ ΑΕΒΕ) for the supply of L.V. Meter Boxes;
- Contract No. 5050111/14.6.2011 with Hellenic Composites (ΕΛΛΗΝΙΚΑ ΣΥΝΘΕΤΑ ΥΛΙΚΑ ΑΕΒΕ) for the supply of SMC polyester boxes intended for the installation of maximum meter recorders.
- Contract No. 5050102/13.10.2011 with Hellenic Composites (ΕΛΛΗΝΙΚΑ ΣΥΝΘΕΤΑ ΥΛΙΚΑ ΑΕΒΕ) for the supply of of SMC polyester boxes for the purpose of installing PCC supply metering systems No. 7.
Termination of the above Contracts.

The Board of Directors approved the following issues:

1. termination of Contracts Nos. 5059141/4.3.2010, 5051031/9.5.2011, 5050111/14.6.2011 and 5050102/13.10.2011 and subsequent forfeiture of the Performance Guarantees in favour of HEDNO S.A., which had been submitted by Hellenic Composites (ΕΛΛΗΝΙΚΑ ΣΥΝΘΕΤΑ ΥΛΙΚΑ ΑΕΒΕ) in the framework of the above Contracts, and any and all other legal consequences to be borne by same;

2. calculation and claim of direct damages borne upon HEDNO S.A. within the time immediately after termination.

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