Distribution network operator DEDDIE/HEDNO’s investment amounts concerning its business plan from 2020 to 2028 will be gradually boosted to reach annual levels of 300-350 million euros, up from 150-170 million euros, the operator has decided.
DEDDIE chief executive Anastassios Manos has presented the operator’s upgraded investment plan to board members.
It incorporates and fine tunes the distribution network strategy included in the business plan for power utility PPC, the operator’s parent company.
The upgraded DEDDIE business plan will be finalized once RAE, the Regulatory Authority for Energy, has cemented its regulatory framework.
DEDDIE’s investments have continuously dwindled in recent years. Contrary to other EU operators, the company’s Regulatory Asset Base (RAB) value has subsequently diminished during this period of contraction as new investments each year have been outweighed by the depreciation levels of previous projects.
The operator’s new investments will focus on upgrading and expanding the network to facilitate the RES sector’s growing needs and broadened network presence, as well as ambitious electric vehicle targets.
The overall upgrade will include network digitization projects for advanced grid management and smart meter installations.