Founded in 2001, Hydroelektriki Achaias S.A. is a wholly owned subsidiary of Elsewedy Electric controlling the operation of two small hydroelectric power plants (SHPP 2.6MW and 1.0MW) on the Kerinitis River.

• Hydroelektriki Achaias S.A. is a wholly owned subsidiary of Elsewedy Electric S.A. that was established in 2001.
• Hydroelektriki Achaias S.A., owns and controls the operation of two Small Hydroelectric Power Plants SHPP 2.6MW and 1.0MW at Kerinitis river.
• Hydroelektriki plant has two PPA contracts signed for each plant in 12.07.2007 & 10.06.2004 both with a tenor lasting 20 years.