A draft law to manage waste that was tabled in Parliament on Monday contains regulations concerning the energy sector and particularly the Hellenic Electricity Distribution Network Operator (HEDNO) and the Independent Power Transmission Operator (IPTO).
Ahead of HEDNO’s privatization, the bill of the Environment & Energy Ministry sets out the spinoff of the electricity transmission network from the Public Power Corporation (PPC) and its transfer to HEDNO. This transfer will not include the High-Voltage Network of Crete, which will be transferred to the Independent Power Transmission Operator (IPTO) through separate legislation.
Under this regulation, HEDNO will acquire exclusive ownership rights to the distribution network, except for the fiber optics network, which will remain under PPC’s jurisdiction. The bill also details other transfer issues including share capital increase for HEDNO, the issuing of new shares, and the regulation of loans issued to PPC for HEDNO use.
In addition, it details that HEDNO may include in its regulated asset base its investments for network upgrades that aim at increasing the absorption of renewable energy sources (RES), following permission by the Regulatory Authority for Energy.
Also included in the draft bill are provisions allowing the establishment of small-scale photovoltaic units at saturated regions of the network, such as in the Peloponnese (86MW), the Cycladic Islands (46MW), Crete (140MW) and Evia (40MW).