IGI seeks adviser
Depa, through its subsidiary DESFA, is looking to appoint a financial adviser for the onshore part of the €1bn IGI pipeline, a joint venture with Edison which will start in Turkey and will import 8bcm of natural gas per year from the Caspian Sea. Bids for the advisory, which involves pre-feasibility work, are due by January 16. Intesa has in the past done some pre-feasibility work for them. Construction is set to begin in 2009 and the pipeline will start operating in 2012.
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