By taking a long-term approach to developing the network, annual investment in HEDNO has more than doubled compared to Macquarie's investment.
The investment program includes several digitalization initiatives. HEDNO's ambitious smart meter rollout will facilitate the installation of over 3 million smart meters in the first phase of the project.2 We aim to reduce non-technical losses, support the realization of energy efficiency targets and improve customer experience. The implementation of smart grid technology is also expected to reduce supply interruptions, network losses and recovery times, while supporting job creation and enabling overall growth of the Greek economy.
Macquarie is working with HEDNO's management team to help deliver the company's strategic health and safety improvement plans. The plan includes promoting and implementing international best practices in training, communication and preventive measures, while establishing strong oversight.
Macquarie will also support HEDNO in delivering its first net-zero plan, supporting the country's climate change goals and enabling the investment needed to accelerate the integration of renewable energy into the network. Additionally, resilience is being improved through large-scale construction projects, such as putting cables underground and strengthening networks to protect against extreme weather events.
