Awaiting critical decisions of the Waste, Energy and Water Regulatory Authority (RAAE) for the News invoices Water in Attica, lies the EYDAPas the company’s chief executive Haris Sachinis said yesterday (30.4.2025) in the context of a journalistic information on its financial results in 2024.
Specifically, the EYDAP Managing Director said he was awaiting the regulator’s announcements for any increases in water invoices, noting that the business administration is doing everything it can to hold the invoices. “The more grants we have, the lower we can keep the invoices,” he said.
It is noted that the amount of the allowable revenue will be determined, according to Mr Sahini, based on the characteristics of the services provided, their cost -based base, and the composition of the company’s investment program.
As for the issue of drought, EYDAP develops a common framework for action with the public To deal with it, with water reserves enough for two more years, according to the company’s chief executive.
As has been known, the business has already proposed three solutions to meet water needs. Initially, the investment of EUR 500 million for Attica’s connection to the lake of hangers and the utilization of the tributaries, Krikelopotamos and Karpenissiotis will secure water in Athens for More than 50 years.
This project is the cheaper solution Compared to other alternatives and has a low operating cost of desalination, as water comes with gravity. It is estimated that the cubic meter of water will cost Only 15 cents.
Additional plan to combat water scarcity is the desalination in the area of Iteawhich will cost around 30-35 cents the cubic meter of water, ie in 30% of the cost of a normal desalination.
As a “emergency” plan, Mr Sachinis has proposed the Transfer of water with large tanker aquifers From the estuary of Acheloos to the area of white houses and Thebes of Boeotia, which are about 5 kilometers from its network.
If water was transported by three tankers a day from Acheloos starting the port of Astakos in Aitoloakarnania, it could be covered by the 10% of the capital’s needs. Transfer costs per cubic 80 cents.
International Competition to replace water meters
Regarding the work of replacing water meters, Mr. Sahinis commented that EYDAP intends to proceeded to an international competition for the supply of 2.5 million new water meters by the end of this year. In other words, it is necessary to install 1,000 water meters a day.
According to EYDAP’s chief executive, cost per water meter will be less than 100 euroswhile the total cost that was previously calculated for water meters was in the EUR 300 million.
Quadruple of investment implementation rate
In 2024 the absorption of EYDAP’s investment program was formed into 60.7 million euros, increased 37% Compared to the absorption of 2023. 24% of absorption 2024 was paid by the EU
Investments in 2024 in absolute numbers have more than quadrupled compared to the five -year -old level as from 14.2 million euros In 2019, the company in 2024 made an investment of 60.7 million euros.
In the fourth quarter of 2024 it was observed Increase in quarter absorption to 99% Compared to the absorption of the third quarter of 2024 (78%), the second quarter of 2024 (59%) and the first quarter 2024 (57%).
The Approved investment program 2025-2034 of EUR 2.16 billion It concerns large projects in East Attica (€ 968.8 million), projects of the water supply network (715.8 million euros), sewer projects (EUR 370.3 million), building projects, digital governance and transformation (EUR 108.6 million). 50% of the project budget is funded by the EU.
Increase 6.3% of EYDAP turnover in 2024
By 6,3% EYDAP’s turnover increased in 2024, reaching EUR 373.7 million versus EUR 351.6 million in 2023, due to significant increase in water consumption by 6.2% because of the high temperatures of 2024.
In particular, water supply revenue and related services presented Increase by EUR 16.3 million (+7.3%)while the revenue of sewage services were also moved, which noted Increase by EUR 5.1 million (+5%).
Even EYDAP’s operating costs presented increase by 9%reaching EUR 316.3 million in 2024 from € 290.5 million in 2023.
Damages of EUR 6.5 million due to Attica municipalities
Some Municipalities of Attica do not pay the water for the water consumed by their citizensfor a variety of reasons, as revealed by the EYDAP CEO.
This issue is another pending that requires arrangement as The increase in outstanding debts on the part of the municipalities cost 6.5m euros in the company’s financial results.
In particular, these municipalities undertake the pricing of their citizens, but without ensuring the regular collection of the amounts, and now They are not subsidized by the Ministry of the Interior to cover their obligations to EYDAPas it was until recently.
This situation, however, It does not concern all the municipalities of Atticaas many of them remain consistent in their obligations.