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Greek energy infrastructure investment dispute

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2026-08-12 05:12 UTC → 2026-09-10 16:51 UTC · added removed

A political dispute has emerged in Greece regarding the management and investment levels of the Hellenic Electricity Distribution Network Operator (HEDNO). Former Prime Minister Alexis Tsipras questioned the direction of the operator’s increased revenues and the sufficiency of its investments. In response, Minister of State Akis Skertsos dismissed these claims as “lies or inaccuracies,” asserting accusing Tsipras of being “incorrigible.” Skertsos asserted that energy infrastructure investments in Greece have increased to 5.9% of GDP. Skertsos GDP, while decreasing by 2% in comparison countries. He stated that annual investments have quadrupled since 2019, exceeding €1.5 billion. billion, and noted that the rate of undergrounding power lines has increased eightfold. Supporting data from HEDNO officials indicates that since 2020, approximately 2.8 billion euros have been invested to modernize the electrical grid. The company reported that annual Annual investments rose by 430% compared to 2019 levels, reaching roughly 800 million euros, in an effort to address an investment gap from the 2015–2019 period. A key component of this modernization is the undergrounding of power lines, which has reportedly increased from 200–250 km per year in 2019 to between 1,700 and 1,800 km annually. annually, with the net expansion of the underground network exceeding 4,500 km over the last three years. As part of these ongoing modernization efforts, HEDNO announced a 33.4 million euro project to underground electrical networks in the Municipality of Kifissia. The three-year initiative, funded by the Ministry of National Economy and Finance and HEDNO, will target the municipal units of Kifissia, Nea Erythraia, and Ekali to replace existing overhead Medium Voltage networks.

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  1. 2026-09-10 16:51 UTC Greek energy infrastructure investment dispute
  2. 2026-08-12 05:12 UTC Greek energy infrastructure investment dispute

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