With two projects totaling over €850 million set to move forward, EYDAP is accelerating the digital and environmental transformation of its infrastructure.
In July, the cost-benefit study for the installation of 2.5 million smart water meters—a €350 million project—is expected to be submitted to RAEY, while procedures are also underway for the “Psyttalia 3.0,” with a budget exceeding €500 million, are being set in motion.
Reports indicate that the preparation of the relevant study for the installation of the smart meters will be completed in the coming weeks. Furthermore, the goal remains to issue the tender by the end of 2026, despite the delays.
It should be noted that the study is being submitted as part of the regulatory authority’s briefing, which means that approval from RAE is not required to proceed with the tender.
The project involves the procurement of smart water meters, the digital platform, and the software, as well as the selection of a telecommunications provider and contractor for the system’s installation. This is a digital transformation investment aimed at telemetry, automatic metering, and reducing water losses.
In collaboration with PwC, which is conducting the study, EYDAP is in contact with foreign companies to select the most suitable technology and define the necessary technical specifications that meet Greek conditions.
We are finalizing the details, and it is expected to be approved by the Board of Directors shortly and then submitted to RAE, sources add.
Psyttalia 3.0
Meanwhile, procedures are also moving forward for the ambitious “Psyttalia 3.0” project, one of EYDAP’s largest investments.
On Wednesday, the company’s board of directors is expected to approve the launch of the competitive bidding process for the preparation of the “Psyttalia 3.0” project study, as stated by EYDAP CEO Haris Sachinis, speaking on Friday at the Water Resources Management Forum organized by PASEPE.
The project is part of EYDAP’s ten-year investment program, which totals 2.5 billion euros. The initial budget was €300 million, but it nearly doubled to more than €500 million with the project’s upgrade.
The plan now calls for net-zero energy and net-zero carbon facilities, and the contractor will be required to construct the project while the wastewater treatment plant remains fully operational, thereby increasing the project’s cost.
This is a comprehensive modernization and upgrade program for the Psyttalia Wastewater Treatment Plant (WWTP), aimed at transforming it into a model facility for the circular economy and energy self-sufficiency.
It should be noted that EYDAP’s Annual General Meeting is scheduled for Friday.