Founded in 1998, HELLENiQ ENERGY (former HELLENIC PETROLEUM S.A.) is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 6 countries.
HELLENiQ ENERGY’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (47.1%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional and private investors. The shares of HELLENiQ ENERGY Holdings S.A. are listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD) through GDRs, while the Group’s international bond issue (HPF, 2%, 4 Oct 2024) is listed on the Luxemburg Stock Exchange.
In 2022, net sales amounted to €14.5bn and Group Adjusted EBITDA to €1,601m.
Refining is the Group’s core business, operating three out of the four refineries in Greece (Aspropyrgos, Elefsina, Thessaloniki), of 344 kbpd total capacity, with a 60% share in the Greek wholesale oil products market.
The Group is the domestic ground fuels marketing leader, with a retail network of more than 1,600 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.
The Group is a leading player in SE European markets being one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and Republic of North Macedonia through its network of more than 300 petrol stations.
The Group is the sole petrochemicals producer in Greece, mainly active in the propylene-polypropylene value chain, commanding a >50% domestic market share, while exports, mainly in Turkey and other Mediterranean countries account for c. 70% of sales.
Leading the energy transition, HELLENiQ ENERGY has been investing in renewable energy sources (RES) with a portfolio of 341 MW in operation and more than 2.5 GW in various development stages, targeting 1 GW of operational capacity by 2025 and 2 GW by 2030.
The Group’s exploration and production activities are focused on Greece through an exploration portfolio at 6 offshore areas, either independently or in collaboration with leading companies in the sector.
HELLENiQ ENERGY is also active in the power and gas sectors.
Power generation and trading activities are carried out through ELPEDISON (50% stake), a JV with EDISON, which owns and operates two CCGT plants in Greece of a total capacity of 840 MW and is also present in the retail electricity market.
The Group is also present in the wholesale, supply and distribution of natural gas through its 35% stake in DEPA Commercial and DEPA International Projects.
Deloitte Greece is a member of one of the world’s largest professional services networks, Deloitte Touche Tohmatsu since 1975. With offices in Athens, Thessaloniki, Heraklion and Patras and over 1,900 professionals, we combine an unmatched breadth and depth of capabilities in audit and assurance, consulting, financial advisory, risk advisory, tax and legal. Operating as a true multidisciplinary model we collaborate across businesses to solve the most challenging issues of our clients. We work with clients in every sector of the Greek economy to deliver innovative solutions using the latest tools and technologies. Our people are unified by a collaborative culture guiding them to lead the profession, to serve with integrity, to take care of each other and to foster inclusion. They enjoy an environment of continuous learning and opportunities, and are dedicated to making a positive impact in their communities. In 2017, we launched Deloitte Alexander Competence Center in Thessaloniki, a hub for the development of specialized technical skills and competencies, aiming to capitalize on the abundant talent in Greece and reduce brain drain. In 2019 Deloitte Foundation was founded, a non-profit voluntary organization, to make an impact that matters through initiatives promoting education, culture, environment and relief in national emergencies. Ιn 2022 Deloitte Digital launched its services in Greece, as part of Deloittte, constituting a combination of an end-to-end digital transformation agency with a consulting firm. Through a flexible and hands-on learning experience, the Deloitte Academy helps executives to develop their knowledge, upskill and connect with market industry leaders keeping them on top of global and local market trends and best practices. KBVL, member of the Deloitte Legal international network, is an independent law firm registered with the Athens Bar, that offers legal services aligned with clients’ key business objectives.
Howden Hellas has a long and successful history in the Greek insurance and reinsurance market, starting back in 2003 as BMS Hellas, rebranding in 2006 as Matrix Insurance & Reinsurance Brokers and since 2020 as a Howden broking Group company.
With a vision to build a sustainable business for the future, Howden Hellas and Cyprus are fully aligned with the vision of the HBG. With more than 140 expert brokers, 850 large corporate clients, a team of claims lawyers & technicians, 4 offices in Athens, Thessaloniki, Ioannina, Herakleion (Crete) and Howden Cyprus, we are today the largest corporate insurance & reinsurance broker in both countries.
Furthermore, Howden Hellas offers a specialized Financial Lines Team of nine (9) FI professionals handling In the Financial Lines sector with approx. 70% market share in Greece and circa 40% in Cyprus.
Our people are fully committed in supporting our clients’ interests throughout the period of engagement by constantly seeking innovative solutions that will add real value to our insurance covers.
As part of the Howden Broking Group we offer:
Direct access to first class Insurers & Reinsurers in London & internationally, who enable us to provide insurance solutions that will satisfy all insurance needs.
Our extensive marketing capability enables us to offer an unrivalled range of products and services.
Our lean, agile and people first culture, allows us sufficient flexibility to take a different view on growth; with patient capital, we are long term in our view and we can invest in the future today, building a resilient, sustainable business focused on our people and supported by tech and data to better serve our clients. Thus, we preserve our independence and the unique outlook it gives us.
Part of our success is our determination to help our clients prosper, build resilience, recover after losses, and innovate for change.
Establishing Greece as an energy gateway for Southeast Europe and paving the way to a greener future DESFA pursues its business activity as Greece’s natural gas TSO, operating and developing the Greek National Natural Gas System and interconnections, while serving its users with safety, reliability, transparency, and commercial innovation. With extensive experience and highly skilled personnel, DESFA has been proven a trusted energy partner in Southeast Europe and beyond. Its shareholders include the Greek State (34%) and Senfluga SA (66%), a joint company of Snam, Enagás, Fluxys, and Damco. Leveraging its robust infrastructure and expertise, DESFA plays a vital role in bolstering energy security and diversifying gas supply sources in Greece and the wider region, solidifying the country’s position as an energy gateway for Southeast Europe. Simultaneously, DESFA facilitates the seamless integration of new infrastructure into the system, fostering competition within the Greek energy market, to the benefit of end consumers. Furthermore, towards accelerating the energy transition, DESFA is working intensively for the fastest possible decarbonization of its network, through the integration of green, renewable gases, such as hydrogen and biomethane, as well as the promotion of cutting-edge energy solutions and technologies, such as carbon capture and storage, in alignment with the strategic priorities outlined in the European Green Deal and REPowerEU initiatives of the EU. Within this framework, DESFA designs, develops, and implements a series of key infrastructure projects, while cultivating synergies that pave the way for a greener energy future. Guided by its vision of safely and sustainably operating and developing a technologically advanced network, for the transmission and storage of clean, reliable, and affordable gas energy, DESFA invests in people, innovation and future-proof infrastructure, spearheading the transition to the energy of tomorrow and to a better quality of life for all.
HEDNO was established in 2012 after the spin-off of the Distribution Segment of PPC S.A. Today, 51% of the Company's share capital is owned by PPC S.A. and 49% by Macquarie Asset Management.
Through the Medium and Low Voltage networks, HEDNO delivers electricity to 7.6 million customers, while the Company manages the High Voltage networks in Attica and the Non-Interconnected islands. Considering the number of customers served and the total length of its network lines, 242,526 km-nearly six times the earth’s perimeter- HEDNO is one of the largest Distribution Companies in the EU.
HEDNO employs about 5,820 peοple directly and another 5,000 indirectly. The fundamental mission of HEDNO is to ensure the efficient operation, maintenance and development of the country’s distribution network and the management of the Non-Interconnected islands electricity systems and to provide non-discriminatory access to the Network, for all energy consumers, dispersed generators and electricity suppliers.
The Company’s main services include: network development, network maintenance and operation, consumption metering, fault restoration, connection of all network users, including consumers and distributed RES (Renewable Energy Sources) and CHP (Combined Heat and Power) and the implementation of all necessary measures for mitigating environmental impacts.
The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.) manages the national interests in the field of exploration, research and production of hydrocarbons and works methodically in order to enable the development of national resources and especially natural gas, which can contribute to the economic and social development of Greece.
HEREMA was founded in 2011 and its only shareholder is the Greek State. The new Board of Directors, appointed by the Greek government in the summer of 2020, consists of executives from the energy, legal, shipping and financial sectors with international experience in countries such as Norway, the United Kingdom, Cyprus, the Netherlands and of course Greece.
The Board of Directors of the Company in collaboration with a team of experts in HEREMA, such as geologists, engineers, environmental scientists, lawyers and economists, implements the new vision of the company in the context of the energy transition. The company has undertaken numerous recent initiatives to strengthen environmental and social governance in the sector and to accelerate the exploitation of the country's opportunities to monetize its gas resources, which are intended to contribute significantly to the energy transition.
HEREMA aims to strengthen international partnerships in green projects and to this effect it has set up a New Ventures department that evaluates related technologies such as CCS, offshore wind farms and hydrogen, in an effort to identify the potential synergies that can help achieve the goals of the National Energy and Climate Plan (NECP), while bringing added value to the Greek State.
HEREMA has the technical knowledge about the hydrocarbon potential of Greece and is the only administrator of the country's hydrocarbons data archive. The strengthening of the available data library with new geophysical and geochemical data, as well as the continuous update of the hydrocarbon potential of the Greece’s geological basins, are two of the main priorities of the company.
HEREMA is also designated the competent national authority for the licensing and monitoring of CCS projects as well as for other gas and liquid storage projects (UGS). HEREMA was also designated the competent national authority for the research, exploration and selection of Organized Offshore Development Areas for Wind Farms and installation areas, and the granting of research and exploitation rights for these projects, further expanding our company’s scope.
The new BoD has established several new governance frameworks where Environmental and Social Governance (ESG) constitutes the priority. The company has created strategic synergies with academic institutes, major market players, and government authorities and is working with investors and legislators to leverage its offshore expertise to help accelerate developments in offshore wind and carbon management projects.
HEREMA maintains an open-door policy and attractive conditions for potential investors, and looks forward to welcoming new partners for further developing the Greek energy resources.
The Independent Power Transmission Operator (IPTO) is responsible for the operation, monitoring, maintenance and development of the Hellenic Electricity Transmission System, aiming to ensure safe and undisrupted power supply across the country.
IPTO's Ten Year Network Development Plan provides for the electrical interconnection of almost all Greek islands in the High Voltage System by 2029, the strengthening and modernization of the continental power grid as well as the facilitation of Creece's transition towards a cleaner energy mix.
IPTO's 5-billion-euro investment program -among others- includes the emblematic Crete-Attica power link, the completion of Cyclades and Sporades interconnections and energy storage projects.
With its 182-year participation in the country's economic and social life, NBG is one of the most significant Greek financial organizations, as it plays a key role in efforts to support the Greek economy and enable the economic transformation of the country.
The Group provides a wide range of financial products and services that meet the changing needs of businesses and individuals, including deposit and investment products, various financing facilities, brokerage, insurance, leasing and factoring services.
Today NBG’s Group employs a workforce of almost 8.100 employees. It also has a wide distribution network of over 35 branches and 1.450 ATMs in Greece, and provides services through alternative electronic networks (internet, phone and mobile banking), which enable customers to carry out easy, fast and safe everyday transactions.
NBG supports Greek businesses by offering new financing tools and high-quality specialized services, placing emphasis on financing productive investments, export trade and new, innovative entrepreneurship.