Despite various acute problems being faced by PPC, the main power utility, its wholly owned subsidiary HEDNO, the Hellenic Electricity Distribution Network Operator, locally acronymed DEDDIE, is continuing to focus on an extensive investment plan worth 250 million euros. Its projects range from a pilot program for the installation of smart power meters to telephone centre upgrades.
HEDNO is pursuing an investment plan comprised of twelve pivotal investments, despite the negative impact of various unfavorable developments such as the smaller number of new electricity connections due to the building sector’s stagnancy amid the ongoing recession and the restricted number of new photovoltaic system installations.
The overall contraction reduced the worth of HEDNO’s network-related projects by approximately 30 percent in 2015, to 166 million euros from 240 million euros in 2014.
The new investments are intended to improve the grid’s efficiency, limit damages, boost customer satisfaction, and modernize the way HEDNO functions.