Energy company NRG, a member of the Motor Oil Hellas group, and German construction group Hochtief have formed a 50-50 joint venture for the development and operation of an electric vehicles charging stations network at Greek highways.

Hellenic Fast Charging Services, their joint venture, plans to develop 52 charging spaces at 13 EV charging stations along Olympia Odos, running from Elefsina, west of Athens, the Rio-Antirrio bridge close to Patras, as well as along Autokinitodromos Aigeou, running along the mainland’s east coast. The joint venture has already secured contracts for these projects.

As a first step, Hellenic Fast Charging Services plans to invest 3.5 million euros, an amount expected to double by next summer, as part of a wider effort for the development of 200 new EV charging stations.

By covering a significant part of the country, NRG is playing pivotal role in driving and shaping the development of electromobility in Greece, noted Anastasios Lostarakos, General Manager of NRG.

Hochtief, which has secured contracts for EV charging stations in Germany, approached NRG, already a key player in Greece’s electromobility market with a share of over 50 percent.

The Olympia Odos and Autokinitodromos Aigeou operational contracts for EV stations run until 2038 and include an option enabling an extension until 2041.