Greece's energy distributors, operators to invest 9 bln euros in network upgrades over next decade

These investment plans in electricity and natural gas, are currently at the public consultation stage pending the Energy Regulatory Authority's (RAE) final approval.

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Large-scale investments worth 9 billion euros in energy networks over the next decade are foreseen in the development programs of transmission and distribution system operators, it was reported on Saturday.

These investment plans in electricity and natural gas, are currently at the public consultation stage pending the Energy Regulatory Authority's (RAE) final approval, and include:

- Independent Power Transmission Operator (IPTO) investing 4.7 billion euros between 2024-2033, including strengthening electrical interconnections with Italy and Albania

- Hellenic Electricity Distribution Network Operator (HEDNO) investing 2.2 billion euros to strengthen the network, reduce losses, increase capacity, and create new domestic connections and smart meters

- National Natural Gas System Operator (DESFA) investing 1.27 billion during 2023-2032, providing uninterrupted flow and increasing natural gas exports from Greece to the broader region, with another 788 million euros towards ensuring natural gas reaches the country's remote areas invested until 2027.