EYDAP is promoting investments of 1.85 billion euros over the next decade, mainly in the large drainage projects in Eastern Attica, but also in water supply network projects (installation of new services, water supply network works, extensions, improvements and replacements) and sewerage network (construction of real estate connections & secondary sewage network, reconstruction of depression pipes).

In particular, according to the CEO of the Company, Haris Sahini, the huge investment program, with a budget of 900 million euros, in Eastern Attica, with 90% financing from the European Union, is underway. 52% of the projects are in progress, while the rest are maturing in design and licensing.

Transformation projects, smart grid and meters, energy projects, new financial services and supply chain systems are in the order of 350 million euros, the replacement of the water supply network to reduce leaks is 400 million euros, while other drainage projects are in the order of 200 million .euro.

Smart water meters are coming

As for the replacement program for the old meters, they have been installed so far 80,000 water meters in Faliro and Chalandriwhile the pilot program in collaboration with DEDDIE, which will concern the installation of smart water meters in municipalities, also starts today Old Faliro in a water supply network zone of 3,000 meters and Pentelis.

“We have arrived at the technology, which will be tested since the total investment is large,” said Mr. Sahinis.

With smart water meters there will be image of each leak in real time without the worker being required to even open the manhole cover.

Based on the plan, 2.5 million water meters will be installed over ten years, which means that about 250,000 a year, or about 1,000 a day, will have to be replaced.

What will happen with the new tariffs?

In a question about new pricing, Mr. Haris Sahinis said that “the picture for the next day of water tariffs, given the new regulatory framework, is expected to become clear within the next six months”.

“We will wait for the KYA for the costing and invoicing to see exactly how the tariff will work and then we will discuss with the Regulatory Authority for Waste, Energy and Water Supply (RAAEF) to see what it will accept from the costs, from the investments and these will set up the invoice. Then we will know what will happen to the tariffs, if they will stay the same, if they will go up. In six months we will have a much better idea of ​​what will happen with the invoices” he said.

He repeated, however, that EYDAP provides the second cheapest water worldwide, according to Global Water Intelligence, while it ranks first in terms of water quality among 180 countries worldwide, according to the Yale University Environmental Performance Index. Finally, the managing director of EYDAP, Haris Sahinis, regarding the expansion of EYDAP’s activities in neighboring regions such as Boeotia, Fokida, Corinthia – acquisition of DEDYA, stated that the existence of a large company, as long as there is a regulatory framework, and economies can be developed scale, it is a good development to meet the challenges for uninterrupted operation. Our purpose is consumer protection and clean water for everyone.’