EDA THESS’ development strategy relies on investments in advanced infrastructure and natural gas technologies that render distribution networks crucial for decarbonization.
The contract for the disbursement of the funding of the program “Replacement of oil heating systems with natural gas systems in houses of Thessaly Region with a budget of 6,12 million euros”, was signed between the Minister of Environment & Energy, Mr. Konstantinos Skrekas, and the General Manager of EDA THESS, Mr. Leonidas Bakouras.
The fruitful cooperation between the National Transmission System Operator and the Distribution Company was the main topic raised in the meeting held at the Company’s premises between the CEO of DESFA, Mrs Maria Rita Galli and the General Manager of EDA THESS, Mr. Leonidas Bakouras.
EDA THESS recognizes as key components of its business identity, the optimization of its operations to provide a high level of services, the assurance of the operational independence in the full range of its activities and the enhancement of the cooperation with stakeholders.
According to the approved Development Program 2021 - 2025 of EDA THESS, investments of € 10 million for the next five years are foreseen in the Municipality of Volos that concern construction works for the expansion and reinforcement of the gas distribution network and the connection of new consumers.
At the core of EDA THESS development strategy lies the implementation of best practices, in full compliance with the principles of Sustainable Development that are expanded to the whole range of its activities. The Company aims to offer added value to all stakeholders while saving energy resources for the next generations.
With an increase in new connections and distributed volumes, investments which reach 6.5 million euros and net profit (EAT) to 14.1 million euros, the first quarter of the year for EDA THESS.
A meeting was held at the City Hall of Farkadona between the Minister of Environment and Energy, Mr. Konstantinos Skrekas, the Mayor of Farkadona, Mr. Spyridonas Agnantis and the General Manager of EDA THESS, Mr. Leonidas Bakouras.
Thousands of low-income families throughout Thessaly are part of the pioneering Program for the replacement of oil heating systems by natural gas systems. The Grant Program is implemented in the framework of the NSRF 2014 - 2020 of Thessaly Region and the NSRF staff structure of the Ministry of Environment and Energy, with a budget of € 6.12 million and with EDA THESS having the role of competent body for the Receipt and Control of applications, the certification process, and the payment of the grant.
The main features of EDA THESS’ development program are the increased penetration of natural gas by the network’s expansion and the implementation of reduced tariffs for consumers combined with increased returns for the shareholders, as referred by the General Manager of the Company, Leonidas Bakouras, in his interview on energypress.