Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Theodore Terzopoulos: Development of the retail gas market in Greece

137 views

Published on

“EastMed Energy Roundtable” - Tuesday March 28, 2017

Theodore Terzopoulos, CEO, Public Gas Networks SA, Greece

http://www.energyroundtable.eu

Published in: Environment
  • Be the first to comment

  • Be the first to like this

Theodore Terzopoulos: Development of the retail gas market in Greece

  1. 1. Development of the retail gas market in Greece Does the retail gas market in Greece contribute to the exit from the financial crisis? Does the Public Gas Networks (DeDa) SA play any role in this direction? By Theodore TERZOPOULOS Chief Executive Officer DeDa SA
  2. 2. Development of the retail gas market in Greece  Sustainable Energy Future meeting the energy needs with the lowest possible CO2 emissions.  natural gas emits less CO2 natural gas supports sustainability.  natural gas in Greece can become a valuable development tool in the country's effort to exit from the financial crisis.
  3. 3. Areas where DeDa SA operates (light green) and will operate (orange and purple) 2 National High Pressure Transmission System Trans Adriatic Pipeline (TAP) DEDA: Areas with Existing Distribution Networks (1st Development Phase, 2018-2023). DEDA: Areas of 2nd Development Phase, 2019-2023. DEDA: Areas of 3rd Development Phase, 2020-2023. DSO ATTIKI, DSO THESS
  4. 4. Central Macedonia Katerini Alexandria Serres Kilkis Eastern Macedonia - Thrace Alexandroupoli Kavala Drama Xanthi Komotini Central Greece Lamia Halkida Thiva 21 DeDa SA at a glance… 1. 510 km of networks, spread in 12 cities as follows: 2. 147 industrial and 13 commercial final consumers 3. 11 gas suppliers who use the networks 4. 2.7 TWh of distributed gas 5. A workforce of 63 direct and indirect employees (FTEs) for the operation, maintenance and the other activities of the company 6. A turnover of about 500,000€/month
  5. 5. Sociocentric role of DeDa S. A.: Assistance to the reduction of the energy poverty Almost all the areas where DeDa S.A. operates or will operate exhibit high energy poverty estimate (an index associated proportionally to the average disposable income and inversely with degree days). 2 National High Pressure Transmission System Trans Adriatic Pipeline (TAP) DEDA: Areas with Existing Distribution Networks (1st Development Phase, 2018-2023). DEDA: Areas of 2nd Development Phase, 2019-2023. DEDA: Areas of 3rd Development Phase, 2020-2023. Region Degree Days Available Income 2016 (€) Energy poverty estimate E. Macedonia & Thrace High Very Low Peloponnese Average Average Epirus High Average Central Macedonia High Average Western Macedonia High High Western Greece Average Very Low Central Greece Average Very Low Source: Eurostat, Deloitte AnalysisLow Average High DSO ATTIKI, DSO THESS
  6. 6. Viability and sustainability are considered as key drivers for implementing the company’s strategic orientation. 1 Economic growth and prosperity of local communities Internal gas market development in a viable and sustainable way Existing Network Performance Optimization Viability Securing Investment Plan’s Performance Investment Risk Effective Management Supporting local economies Maximize Environmental Benefits Strategic Priorities Strategy Implementation initiatives Vision Sustainability
  7. 7. National High Pressure Transmission System Trans Adriatic Pipeline (TAP) DEDA: Areas with Existing Distribution Networks (1st Development Phase, 2018-2023). DEDA: Areas of 2nd Development Phase, 2019-2023. DEDA: Areas of 3rd Development Phase, 2020-2023. Funding of the projects as the most important factor for the gradual development of the regional market and the company 22 Networks Development 1st Phase Approved Investment Plan 2017-2036 Central Greece Central Macedonia Eastern Macedonia & Thrace 2nd Phase Under consideration and Conditional Western Greece Peloponnese 3rd Phase Conditional Western Macedonia Epirus, Aegean Islands DSO ATTIKI, DSOTHESS
  8. 8. 1st Phase of Development (Approved Business Plan) Region Cities Networks length to be constructed CAPEX New Connections Central Greece Chalkida  300 km 99 mil. € 38,000 residentialKarpenisi Amfissa Lamia 5,000 commercialLivadia Thiva Central Macedonia Alexandria 340 km 78 mil. € 25,000 residentialVeria Kilkis Giannitsa 4,000 commercialKaterini Serres East Macedonia & Thrace Alexandroupolis 500 km 141 mil. € 45,000 residentialKomotini Xanthi Drama 2,000 commercialOrestiada Kavala
  9. 9. 9 The investment plan of the 1st Phase is close (*) to be financed at 68% from EU funds and EIB loan. (*) Final decisions to be taken by end S1 2017 EU Grants Eastern Macedonia- Thrace €32 mil. 23% of the investment Central Greece €21,2 mil. 21% of the investment Central Macedonia €21,2 mil. 27% of the investment €74,4 mil. 23% of the Total investment TOTAL €61,9 mil. 44% of the investment €45,5 mil. 46% of the investment €34,0 mil. 44% of the investment €141,4 mil. 45% of the Total investment €93,9 mil. 67% of the investment €66,7 mil. 68% of the investment €55,2 mil. 71% of the investment €215,8 mil. 68% of the Total investment EIB Loan Total €140,7 mil. €98,7 mil. €78,1 mil. €317,5 mil. Investment Cost
  10. 10. The current business plan for the period 2017-2036, creates very significant benefits on an economic and social level. Economic and Social benefits Eastern Macedonia and Thrace Central Greece Central Macedonia Total CO2 reduction €66,5 mil. €89,6 mil. €79,5 mil. €237,9 mil. Energy cost reduction €641,0 mil. €821,7 mil. €728,8 mil. €2.211,1 mil. Added Value €275,1 mil. €280,1 mil. €197,7 mil. €755,7 mil. Total €982,6 mil. €1.191,4 mil. €1.006,0 mil. €3.180,0 mil. New Job Positions 5.627 FTEs 4.817 FTEs 3.601 FTEs 14.072 FTEs Notes: • The assessment of the added value and employment is based on statistical data from the latest available input / output table (Eurostat) identifying the interconnections of economic activities in Greece (Leontief model) • The conversion in monetary terms is expressed in 2016 constant prices 52 CO2 reduction Energy cost reduction Added Value (GDP Increase) Enhancing employment
  11. 11. The 2nd Phase Investment Project consists of installing networks in the Regions of Peloponnese and Western Greece. Peloponnese Western Greece 21 Patra Agrinio Pirgos Korinthos Argos Tripoli Sparti Kalamata
  12. 12. The 3rd Phase Investment Project consists of installing networks in the Regions of Epirus and Western Macedonia. Epirus Western Macedonia 21 Kastoria Florina ArtaPreveza Ioannina
  13. 13. The 3rd Phase Investment Project consists of installing networks in the islands of Lesvos, Chios, Samos, Rhodes and Crete. Lesvos Chios 21 Rhodes Samos Crete
  14. 14. Development of the retail gas market in Greece Thank you for your attention

×