PPC's €9 billion investment plan for the three-year period of 2024–2026 will benefit from the €500 million in proceeds from the five-year bond issue that the company announced.

This plan includes investments at home and abroad, both in energy and in other sectors such as telecommunications and technology. Presentations to investors have already begun while the company is also running an update of its business plan, which is expected to be completed in the coming months.

THE BUSINESS PLAN

The business plan aims to increase installed capacity by 18% annually until 2026, in parallel with the retirement of lignite plants, and installed renewable energy capacity to over 2/3 of total capacity, up from 43% today.  At the same time, the group's plans include expansion in South Eastern Europe as well as entering other markets, such as fibre optic networks, and developing electrification. PPC's ongoing plan, which was presented at the capital markets day in London last January, envisages that the €9 billion will be allocated as follows: 

• €4 billion in renewables 
• €2 billion for the modernisation and upgrading of the distribution network
• €1.1 billion for the power generation sector
• €700 million for the telecommunications sector
• €400 million for digitalisation and energy efficiency
• €400 million for supply and electrification, In addition, an amount to be allocated in dividends is also foreseen.  

LIGNITIC AREAS 

PPC will continue to have a solid presence in the lignite areas and is planning a series of investments in the regions of Western Macedonia for the next day of de-lignification.  Already with the agreement for district heating in Western Macedonia announced by the Ministry of Environment and Energy, PPC's €80 million investment in the construction of a combined heat and power plant is unlocked.  In fact, according to Chairman and CEO George Stassis, the investment can start as soon as all procedural issues from the district heating agreement are closed. The company's plans are for this new plant to be operational within the next two years, while another €70 million will be required for the necessary works to connect the plant to the networks.  

At the same time, PPC is also planning a series of investments in new sectors that will redefine the region's productive sector. Among the investments it is considering in the region are:

• large-scale photovoltaics
• new investments in energy storage in batteries,
•  installation of capacitors
• new hydroelectric plant
• data centres
• waste management