EXTRACTS OF MINUTES
OF THE 6th/23.3.20167 MEETING OF THE BOARD OF DIRECTORS


Subject: Tender No. 517601/15.6.2016 for the provision of “Cleaning services for buildings of HEDNO S.A. located in the Prefecture of Attica”.
Validation of results of the aforementioned tender and assignment of the respective provision of services.

The Board of Directors approved the validation of results of tender no. 517601/15.06.2016 and the assignment of “CLEANING SERVICES FOR BUILDINGS OF HEDNO S.A. LOCATED IN THE PREFECTURE OF ATTICA” to the lowest bidder, ‘MANIFEST SERVICES S.A.” Company, which won the tender through draw, for a total price of €580.000,00 plus VAT, for an 18-month provision of the aforementioned services, as well as €290.000,00 for the possibility of exercising the right of option.

The contract price for the provision of services for the buildings listed in Table A (total area is approx. 19.933 m2) amounts up to € 323.000,00 (plus VAT) i.e. € 0,90/m2 per month and for the buildings listed in Table B (total area is approx. 15.415 m2) up to €257.000,00 (plus VAT) i.e. € 0,93/m2 per month.

The aforementioned assignment conforms to the terms of the tender call, the tendering specifications as well as the Company's bid.

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Subject: Approval of amendment of the financial assistance scheme for HEDNO S.A. staff

The Board of Directors approved the amendment of the financial assistance scheme for HEDNO staff.

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Subject: Contract no. ΔΔ-182/2100474/4.11.2010 with ABB S.A. for implementation of the following Project: “Design, Supply and Installation of Ampelokipoi GIS 150kV/ΜΤ closed-type Distribution Center”.
ABB S.A. requested amicable settlement of disputes that arose during implementation of the aforementioned Project.

The Board of Directors rejected the contractor’s request for Amicable Settlement of the following disputes:

• payment of €676.712,85 by the Network Major Installations Department (amount was held due to the negative review of contract prices that was issued following application of Article 8 specifications of the Contract)
• the contractor’s request to receive extra payment of €199.957,42 for application of the said review
• the request to receive payment of €47.215,00 for undelivered GIS and T/F parts
• the contractor's request to add the extra cost of €296.659,05 for expenses incurred during the construction of the tunnel
• the contractor's request to add the extra cost of €10.531,50 for expenses incurred during the installation of interconnecting MV cables between departure points
• the contractor's request to add the extra cost of €36.393,00 for expenses incurred due to delays in the start of the trial period

The Board of Directors accepted the contractor’s request for Amicable Settlement of the following disputes:

• the request to add extra costs incurred due to delays in the settlement of invoices (for actual late-payment interest only), i.e. €5.830,43
• the request to add extra costs pertaining to amendments in the configuration of MV and HV relays,

and the CEO's authorization to set up a Commission that will pursue amicable settlement of the disputes

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Subject: PPC S.A. – HEDNO S.A. Choir will continue to exercise its function during 2017.

The Board of Directors has decided that the PPC S.A. – HEDNO S.A. Choir will continue to exercise its function for the rest of 2017 under a budget of €55.000 which will be divided between PPC S.A. and HEDNO S.A. (60% and 40% respectively), taking into account the reduction of expenses, the optimization of communication results and the call for an open tender conducted by PPC S.A. for the provision of Choir Director services with a maximum cost of €15.000 covered by PPC S.A. and HEDNO S.A. (60% and 40% respectively).

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