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ARTICLE 2. Scope of work.The Consultant shall undertake the timely, complete, economical and inaccordance with the current state of the art execution of the Project:«Consulting Services for the development of PPC’s natural gas sourcingstrategy».The services to be rendered by the Consultant are described as follows:2.1. European Experience - Benchmarking.The gas market liberalization in other European countries, following theenforcement of EU Directives 1998/30 and 2003/55 shall be reviewed.Emphasis shall be given to:- Countries having similarities to Greece as regards their natural gasnetwork structure as well as their natural gas markets.- Problems associated with the transition to a liberalized gas market.- Experience from the cases of Power Companies switching fromoperation under monopoly gas-market structures to liberalized gasmarkets.- Natural gas sourcing strategies of Power companies operating underliberalized gas market conditions.2.2. New Legal and Regulatory Framework for the operation of the naturalgas market in Greece – Anticipated impact on the operation of PPC.The existing legal and regulatory framework for the operation of the naturalgas market in Greece shall be reviewed in the context of its impact on theoperation of PPC. Emphasis shall be given to:- The anticipated transition of the Greek natural gas market towardsliberalization.- Points of interest for PPC as regards the regulatory framework for theoperation of the liberalized gas market that is still under development,suggesting possible actions.- Market opportunities under the new conditions.- Assessment of potential risks / implications.- The identification and assessment of potential alternative approachesregarding the natural-gas-supply strategy of PPC under the newmarket conditions.2.3. Existing Natural-Gas-Supply Contract between PPC and DEPA.The terms of existing contract between PPC and DEPA and the DraftContract Proposed by DEPA shall be reviewed regarding:- Their compatibility with the new legal and regulatory framework for theliberalization of the natural gas market.- The possibility / need for modification / adaptation of said terms to therequirements of the new legal framework for the liberalization of thegas market.10

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