Taking a long-term approach to the development of the network, annual investment in HEDNO has more than doubled since Macquarie’s investment.
The investment program includes several digitalisation initiatives. HEDNO’s ambitious smart meter rollout will drive the installation of more than three million smart meters in the first phase of the project,2 aiming to reduce non-technical losses, support the delivery of energy efficiency objectives, and improve the customer experience. The introduction of smart grid technology is also expected to reduce supply interruptions, network losses and recovery times while supporting the creation of jobs, and enabling growth across Greece’s economy.
In partnership with HEDNO’s management team, Macquarie is helping the company deliver its strategic health and safety improvement plan. The plan includes promoting and implementing international best practices in training, communication and preventive actions, while creating robust oversight.
Macquarie is also supporting HEDNO as it implements its first net zero plan, enabling the investment required to support national climate objectives and accelerate the integration of renewable energy into its network. Additionally, resilience is being improved through large-scale construction projects, such as the undergrounding of cables and network reinforcement to protect against extreme climate events.