Why PPC’s Romanian purchase is important

For Public Power Corporation, the deal reached with Enel that was announced on Thursday regarding the acquisition of the Italian energy company's activities in Romania is particularly important.

The Greek utility has secured its presence in the large and rapidly developing Romanian market, acquiring a company that is the largest renewables producer and the second in the supply and distribution of electricity in Romania. At the same time, it will become a strategic energy player in the region and gain access to the energy corridor that starts from Romania, crosses Bulgaria and ends in Greece.

With the completion of the acquisition in the third quarter of the year, PPC will add to its potential more than 130,000 kilometers of distribution network, an additional 3.2 million new customers and 534 megawatts of RES in operation. Essentially, it will double its production...

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