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17 October 2018
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PPC declares €3,9B billion investments

12 July 18 - RE+D Magazine
PPC declares €3,9B billion investments

COMPANIES

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Investments of 3.9 billion euros, the main bulk for networks and renewable energy sources (RES), are part of the Public Power Corporation's (PPC) five-year plan approved on Tuesday.

 

The plan (codenamed "Compass") foresees the distribution of the 3.9 bln euros in the following sectors over the years 2018-2022: networks (31 pct), RES (22 pct), construction of the new lignite production unit, Ptolemaida VI (23 pct) and maintenance and environmental upgrades for existing conventional production units (9 pct).

The program's target is operational profitability (EBITDA) of 1 bln euros and a debt limit close to a third of the annual EBITDA by 2022.

The plan foresees new offerings such as double play program (involving both electricity and natural gas), the improvement of efficiency the supply of power to mining projects, and a plan to resolve the issue of unpaid consumer bills.

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