Public Power Corporation

The Public Power Corporation (PPC) units that generate power from renewable energy sources are set to increase exponentially during 2023 as new RES units come online or near completion, PPC Chairman and CEO George Stassis said.

Stocks on the Greek bourse continued their impressive rally following last Sunday's election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday. Adding to the momentum was the Motor Oil deal for the takeover of a solar energy company that brings it back into partnership with Public Power Corporation.

Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs. 

The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year. 

Public Power Corporation (PPC) on Thursday announced it has reached a deal to increase its equity stake in electricity power distribution and supply companies in Romania, following an agreement reached on March 9 to acquire all of Enel's activities in the country. 

Public Power Corporation (PPC) expects its EBITDA to jump by 30% annually after the acquisition of Enel Romania, since the latter has a leading position in the Romanian electricity market.

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.

Public Power Corporation (PPC) and Germany's RWE have taken a final investment decision to build five solar farms in northern Greece, the two companies said on Thursday.

The farms will cost €180 million and have a total capacity of about 200 megawatts (MW).

By George Gilson

Prime Minister Kyriakos Mitsotakis announced in a nationally televised statement this evening that the government will give households with an annual income of up to 45,000 euros a rebate equivalent to 60 percent of the energy price hikes that occurred from December 2021 and up  until this month.

With an overwhelming majority of over 99%, the body of PPC shareholders approved the increase of the company's share capital by 750 million euros and the sale of 232 million new shares.

At the same time, the extraordinary general meeting of shareholders approved the transfer of 49% of HEDNO to Maquarie a fund member company from Australia.

The recent heavy, and long by Greek standards over the last decades, snowfalls left behind rubble and a host of citizens without electricity, heat, and water.