Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EYDAP chief suggests water rates may drop

By Giorgos Lialios

The head of the Athens Water and Sewage Company (EYDAP) said on Wednesday that water rates may be set to drop as he considers them to be too high. He avoided taking a clear position regarding the utility’s privatization, saying that his role is that of a manager, but he did stress his vehement opposition to further salary cuts for EYDAP employees and price hikes for water.

In the first formal meeting between an EYDAP chief and the press in a long time, chairman and chief executive Stelios Stavridis applauded the social role of the utility and the quality of its staff, while scolding local authorities around the country for hiring consultants on water issues instead of tapping into the experience of the company for free.

Questioned about the utility’s planned privatization, Stavridis responded, “I do not sell the company, I run it, and it is very important ahead of its privatization that it maintains its high level of service.” However, the 2,500 EYDAP employees have a different view, as they have positioned themselves against the utility’s sell-off and have threatened “war” if such a move is implemented. Stavridis himself appeared somewhat reserved, saying that he considers EYDAP priceless: “Attractive assets come at a high price. They are not sold on the cheap.”

On the company’s price policy, he categorically ruled out any hikes: “Whoever starts such a conversation in Greece is either oblivious of his surroundings or is doing it on purpose,” he stated. He added that water is currently overpriced and said he may propose a reduction in rates as well as the abolition of various consumer charges that he deems to be unnecessary, such as the charge for possible leaks. He noted that his proposals on the rationalization of water bills would be ready in a couple of months.

The public sector is known to owe hundreds of millions of euros to the company in unpaid bills and subsidies. Stavridis told reporters that the state owes EYDAP about 523 million euros (after failing to pay the subsidies for the utility’s investment program in the 2000-08 period), local authorities owe 340 million euros in unpaid bills, while the debts of ministries and other state corporations add up to 32 million euros. Major enterprises have run up debts of 17 million euros in total.

The EYDAP chief added that the company cuts the supply to 22,000 customers every year due to debts, with about 6,000 of those not getting reconnected. Cases of leaks in domestic water networks amount to 90,000 per year, which burdens consumers with an average charge of 100 euros per annum.

ekathimerini.com , Thursday Jan 17, 2013 (22:11)  
Jobless rate starts picking up again
Election lifted consumers’ mood
ECB decisions may prove to be a blessing in disguise
Market sees gov’t yielding after pressure
PM, FinMin in diplomatic push to sell measures
Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are launching a diplomatic offensive, with calls to several European counterparts, in a bid to lay the groundwork for anot...
Police seeking missing student to recall key witnesses
Police in Ioannina, northwestern Greece, are to conduct a new round of interviews with students at the city’s Dairy School and other acquaintances of missing student Vangelis Giakoumakis in ...
Inside News
SOCCER
Greece need to attack more, new coach Markarian says
Greece coach Sergio Markarian said Thursday he wanted Greece to play more attacking football against Hungary in a Euro 2016 qualifier on March 29 as his side strive to move off the bottom po...
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the “Indignants” and currently adapting – willingly or unwillingly – to eurozone realities, is fa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PM, FinMin in diplomatic push to sell measures
2. Jobless rate starts picking up again
3. Police seeking missing student to recall key witnesses
4. Election lifted consumers’ mood
5. State will keep paying priests´ salaries, Greek gov´t says
6. ECB decisions may prove to be a blessing in disguise
more news
Today
This Week
1. Greek-Turkish relations
2. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
3. Greece struggles to make debt math work amid bailout standoff
4. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
5. Draghi details sought as ECB's QE plan poised to be fleshed out
6. Government policy
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. SYRIZA feeling the pain
3. The Greek tax drama
4. The unlikely winners of Greece's surrender on euro
5. Varoufakis to make six reform proposals at Monday's Eurogroup
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.