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Press Releases & Announcements

28/06/2019

Update of the consumers on the course of EDA THESS, as an independent operator, and on the supply plan of new areas

Press conferences were held by EDA THESS to media representatives in Thessaloniki and Larissa, in order to be informed about the Company's results, Strategic Planning and new Investments. The speakers' panel was attended by the General Manager of EDA THESS, Mr. Leonidas Bakouras, the Manager of Corporate Affairs, Mrs. Katerina Stachtari, the Manager of Network Development and New Connections, Mr. Michalis Stergiopoulos and the Manager of Network Development and New Connections in Thessaly, Mrs. Efthymia Kalogirou.

 

The General Manager of EDA THESS presented the main business, operational and financial results of the last two years. In particular, he reported that today, the new connection contracts are in total more than 346 thousand, the network extends to 2.366 km, while there have been progressively made investments of € 556.7 million in network infrastructure and new technologies.

 

Meanwhile, Mr. Bakouras proceeded to a review of the operational objectives that were fully achieved during the period 2017-2018 and concern all the Company's activities. The General Manager was requested to develop the main pillars of EDA THESS’ success, where he specifically referred to the elements which are in common track for the Company’s stable and dynamic perspective:

 

  • securing the areas of the license,

  • uninterrupted distribution of natural gas through a safe and efficient network,

  • lower distribution tariffs in Greece,

  • high penetration index which currently reaches 61% of the population in the areas of the license,

  • financial efficiency - return on investments for shareholders

  • stable and healthy working environment

  • zero accidents

  • growth of the market with perspective

  • reducing the environmental footprint by diminishing the negative impact on the environment.

 

Particular emphasis was placed on the quality of construction works, the operation and maintenance of the distribution network. It was reported that EDA THESS operates the “Emergency Intervention Structure” in order the Company to respond promptly and effectively twenty-four hours a day. An intervention within a maximum of two hours is the Company’s obligation as derived from the provisions of the Distribution Network Operation Code. In order to fulfill the above obligation, interventions are carried out by the Company not only within the foreseen time but excessively, and according to its data, EDA THESS intervenes within twenty minutes in Thessaloniki and within fifteen in Thessaly. Thus, the geographic dispersal of the supplied areas, especially for the region of Thessaly, is not an inhibitory factor in ensuring the proper operation of the gas distribution system.

 

Additionally, specific reference was made in the Company’s approved five-year Development Program, with a total budget of €93 million, for the distribution network development in the Regional Unit of Thessaloniki and in the Region of Thessaly, so as the penetration of natural gas to reach the 65% of the population in 2023.

 

With consistency to the planning of the construction works and the supply of new areas, within 2019, EDA THESS will invest approximately €25 million for the expansion of the distribution network. By October 2019, Agia Triada, Tagarades, Agia Paraskevi, Vasilika and Souroti in the Prefecture of Thessaloniki and Nea Anchialos, Agia, Palamas and Sofades in the Region of Thessaly will be supplied with natural gas.

 

During the conference, all the elements that constitute and at the same time certify EDA THESS’ success were highlighted. Mr. Bakouras, stressed that, by adopting a rational operational model, always driven by the fulfillment of the regulatory and legal framework with the support of the shareholders, the excellent know-how of its’ personnel, in collaboration with the authorities and bodies, managed to achieve long lasting high performance.

 

Particular interest was shown by the media representatives on the Development Program 2019-2023, whose design is based on techno – economic criteria. They also acknowledged the effectiveness of the Company's business operation, as a result of stable and efficient management, dictated by its’ shareholder structure. The integrated working system, governed by the transparent recruitment procedures, the evaluation system for the development of skills and the plan of constant training and education of the employees, created impression. Finally, it was obvious that all participants were interested in the Company’s leadership in new technologies aiming to provide high quality of services.

 

The purpose of these press conferences was to provide an update to the potential and existing consumers, through media representatives, on EDA THESS’ role as independent operator, on its’ main obligations and its’ investment plan.

EDA THESS informs the technical world, bodies and consumers in regular intervals, thus confirming the stability and the consistency to the plan it sets and makes public.