Greece: Italgas invests €1 billion in gas infrastructure

16 December 2024
Greece: Italgas invests €1 billion in gas infrastructure

Italgas is set to invest a significant €1 billion in Greece’s gas infrastructure as part of an ambitious plan to accelerate the country’s transition to renewable energy. The initiative will be led by Enaon, Italgas’s subsidiary, which was formed following the acquisition of DEPA Infrastructure two years ago. This bold Strategic Plan, covering the period from 2024 to 2030, aims to address four key areas essential to Greece’s ecological transformation.

A primary goal of Enaon’s strategy is to expand the gas distribution network into regions that still rely on high-emission energy sources such as lignite and coal. This expansion is expected to substantially reduce emissions by replacing these polluting fuels with cleaner alternatives. A significant portion of the €1 billion investment—€650 million—will go towards constructing more than 3,000 kilometers of new gas infrastructure, connecting 18 cities including Patra, Ioannina, and Kastoria. This expansion will increase the company’s customer base from 615,000 to 920,000 by the end of the decade.

Digital modernization is another focal point of Enaon’s plan. The company will replace traditional meters with advanced, ‘H2-ready’ smart meters, which will be crucial for integrating hydrogen into the energy network. This forward-thinking technology will lay the groundwork for hydrogen to become a mainstream energy source, helping to future-proof Greece’s gas infrastructure.

Additionally, Enaon’s strategy emphasizes the development of renewable gases, such as biomethane and green hydrogen, as part of the broader decarbonization efforts. The company also plans to repurpose existing gas infrastructure to make it more adaptable and sustainable, ensuring Greece’s energy future remains both green and resilient.

With this €1 billion investment, Italgas, through its subsidiary Enaon, is making a substantial contribution to Greece’s energy transformation, enhancing the country’s energy security, reducing emissions, and driving the transition to a cleaner, more sustainable future.

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