DESFA has signed a €810 million Joint Bond Loan for the implementation of the investment plan, which includes the financing of green and digital transition projects at a total cost of €627.7 million, through the Recovery and Resilience Fund (RRF). In addition, the loan covers general business purposes of the company, as well as working capital, and provides a credit line on an uncommitted basis of EUR 100 million.

Specifically, as the operator said in a statement, the four major Greek banks—Piraeus Bank, National Bank, Alpha Bank and Eurobank—utilizing funds from the Recovery and Resilience Fund (Greece 2.0) reaffirmed their support for the development program of the National Natural Gas System (NESFA), recognizing the key role of DESFA in establishing Greece as an energy hub in the wider region through the development of hydrogen infrastructure.

The four Greek banks will jointly assume the role of mandated lead arranger, with National Bank and Piraeus Bank acting as coordinators and Alpha Bank as bondholders' representatives. The term of the loan agreement is set at fifteen (15) years for the purpose of financing projects included in the DESFA 2024-2033 Ten-Year Development Programme. Of these projects, EUR 627 million are eligible for funding from the Recovery and Resilience Fund (RRF) and represent major infrastructure investments that will upgrade and expand NPSF, ensuring the readiness of the network to receive hydrogen, while promoting the diversification of supply sources and security of supply for Greece and the wider region.