We use cookies to enhance user experience and ensure optimised site functionality. We inform you that the use of Essential Cookies is auto-performed according to our Cookie Policy. You can adjust other cookie settings to your preference by selecting "Cookie Settings".
×Cookies Settings
The essential cookies are absolutely necessary for the proper functioning of the site. They allow you to browse and use its features. They are automatically installed when you visit the website.
Always On •
Statistics cookies help us, as website owners understand how visitors interact with site pages by collecting information in Google Analytics.
Suggested •
These cookies are used to track site users' preferences. Their use relates to the promotion of relevant advertisement.


Power Generation and Trading

The Group is active in the production, trading and supply of electricity in Greece through its participation (50%) in the Elpedison B.V. joint venture (the remaining 50% is held by EDISON International). In July 2019, Elpedison B.V. acquired a 24.22% stake in ELPEDISON S.A. from ELLAKTOR and ELVAL-HALCOR. Following the completion of the transaction, Elpedison B.V. owns 100% of the share capital of Elpedison S.A.. The acquisition strengthens the Group’s position in ELPEDISON S.A. and enables the implementation of its strategy in the Power sector.

ELPEDISON S.A. is currently the second largest independent power producer in Greece with a total installed capacity of 810 MW, comprising a 390 MW gas-fired plant in Thessaloniki, since 2005, and a 420 MW gas fired plant in Thisvi, since 2010.

ELPEDISON is also active in the electricity supply business, being one of the largest alternative independent electricity suppliers with sales of 2,200 GWh and a 4.35% retail share in the LV and MV customer segments in 2019. Also, in 2019 Elpedison strengthened its position in the liberalized Natural Gas supply market, expanding its customer base, mainly in the Attica, Thessaloniki and Thessaly regions, while it is already importing signifi cant quantities of Liquefi ed Natural Gas (LNG) through DESFA's terminal in Revithousa, part of which is channeled into the wholesale market.

For more information:


Natural Gas

The Group is active in the natural gas sector through its 35% participation in DEPA S.A., with the remaining 65% owned by the HRDAF. DEPA Group is active in supplying natural gas in Greece through import pipelines and the Revithoussa LNG terminal, as well as in the trading of natural gas. In addition, DEPA is active in natural gas supply through ΕPA Attiki, which distributes Natural Gas to small and medium scale consumers, as well as in the distribution of low-pressure gas through the Gas Distribution Companies (EDA), following the unbundling of distribution and supply activities. DEPA also participates in international gas transportation projects.

At the end of 2018, the sale of 66% of the share capital of DESFA which manages and develops the National System of Natural Gas Transmission, to a consortium of European companies Snam S.p.A, Enagas and Fluxys was concluded, for a consideration of €535 million (HELPE share of sale proceeds: €284 million).

In the context of restructuring its position in the retail market, DEPA proceeded to similar transactions during 2018, in EPA ATTIKI and THESSALONIKI-THESSALIA (ZENITH), as well as EDA ATTIKI. More specifically, DEPA sold 51% of the share capital of ZENITH to the Italian Company Eni Gas e Luce, at a price of €57 million and purchased 49% of the share capital of EPA and EDA Attiki from Attiki Gas BV (Shell) at a price of €39 million and €111 million respectively.

In the context of the implementation of Law 4643/2019, DEPA Group’s corporate transformational process is currently under way with the partial demerger of the infrastructure sector and the spin-off of the international business sector, while it is renamed to DEPA Commercial. International tender processes for the sale of DEPA Infrastructure as well as of HRADF’s percentage on DEPA Commercial are ongoing.

For more information: