Italgas, 1 billion investment plan in Greece to 2030

The total investment planned by Italgas in Greece as part of the group's 2024-2030 strategic plan amounts to one billion euro. A programme of activities that the subsidiary Enaon will develop for the methanisation of territories not yet reached by the gas distribution service - and contribution to the phase-out from more polluting fuels such as lignite and coal -, digitalisation, development of renewable gases, biomethane and green hydrogen in primis, to strengthen the contribution to the decarbonisation of consumption.

The plan is developed over a seven-year period, consistent with the group's growth trajectory. "This plan makes one billion euro available to Greece," commented Italgas CEO Paolo Gallo, "and outlines the path for the development of the country's energy infrastructure. A path that passes through the ability to continue enhancing local know-how, using the experience gained in Italy to reduce the time required to implement cutting-edge technologies and network development. The digital transformation of the network, the introduction of the Dana platform for its full automation, and the installation of Nimbus, the 'H2 ready' smart meter, will rapidly enable the green gas revolution. Enaon's contribution to the country's development is concrete and visible: actively promote an ecological transition that, net of ideologies, guarantees security, sustainability, and cost competitiveness for families and businesses.

In detail, the plan allocates EUR 650 million to the construction of more than 3,000 kilometres of new network to bring service to areas not yet reached. This development will make it possible to supply a further 18 cities (including Patras, Ioannina, Kastoria, Florina, Grevena, and Orestiada) with a new source of energy and expand the pool of customers served by Enaon from the current 615,000 to 920,000 in 2030.

As part of the network development, it is also planned to apply the distribution system based on cryogenic LNG depots, which is particularly effective for remote areas that are not reached by the major methane transport backbones, thus overcoming energy isolation. Nine LNG depots will be built in the first part of the plan.

In 2025, 100 per cent of the assets will be digitised and in 2026 the proprietary software Dana (Digital Advanced Network Automation) will be integrated for the automated management and remote control of networks and installations already applied to the Italian network, using artificial intelligence principles.