In 2019, the PPC was in a bad situation due to past decisions and delayed energy transition. However, we developed a three-pillar strategy that included carbonisation, digitalisation and a customer-centric philosophy, said PPC Chairman and CEO G. Stassis, speaking on Eurelectric's Redefining Energy podcast. He added that since 2019, we have had a significant improvement in the company's figures, which has been getting stronger every year. 

The turnaround was combined with the energy transition, with PPC having already missed the first train of renewables, but now the company is focusing on the development of green energy. He cited the example of mines, which combine many advantages for PV development, such as large area and the existence of interconnection infrastructure.  There are many possibilities as long as the decision is taken, he said. 

On the acquisition of Enel Romania, Stasi said that it was clear from the beginning that we were in a single interconnected market and therefore PPC had to increase its physical presence in other markets. When the company was consolidated and this became possible, the opportunity of Romania was found, which was acquired at a very good valuation. Romania as a country is very attractive, he added, underscoring that PPC is focusing on Southeast Europe and countries where there are interconnections because there can be synergies of activities 

Finally, Mr. Stassis referred to North Africa, stressing that there are opportunities in the region for the development of RES, which become even more relevant with the interconnections that will be made, while he made special mention of PPC's digital strategy, which has become a regional champion in our region.