A joint ministerial decision to finance Hellenic Natural Gas Distribution Company of Natural Gas Distribution SA, (Hengas SA) was co -signed by the Minister of Environment and Energy, Stavros Papastavrou, Deputy Minister of Finance, Nikos Papathanassis and Deputy Minister of Economy and Economics.

Funding through the Public Investment Program relates to project development projects of the company’s natural gas distribution network in Western Macedonia, with a total budget of EUR 14 million, granting EUR 9 million, ie 64.2% of the investment.

Specifically, the resources of the Public Investment Development Program and, in particular, resources of the Department of Development (ICT) of the Ministry of Environment and Energy 2021-2025, concerns the grant of Hengas SA for:

– The implementation of the project “Development of a Network for Natural Gas in the Municipalities of Velvento, Voju and Serbs of the Region of Western Macedonia”. The total budget is estimated at € 12.4 million, with the possibility of funding 64.7% of the investment and up to EUR 8 million. Upon completion of the project, the length of low pressure networks is estimated to be 41 kilometers and the multitude of connections to 1,200 consumers (domestic, commercial and industrial).

– The implementation of the project “Extension of Network for Natural Gas to the Municipality of Deskatis of the Region of Western Macedonia”. The total budget amounts to € 1.6 million, with the ability to fund 64.5% of investment and up to one million euros. The project concerns the expansion of the low -pressure natural gas distribution network in the Municipality of Deskatis (city of Deskatis). It is estimated that the length of the low pressure network will increase by approximately 3,800 meters, while the number of connections will now apply to 400 domestic and commercial consumers.

The final budget will be shaped by all eligible expenses upon completion, in accordance with the regulatory framework governing the National Development Program 2021-2025.