Investments of €10.1 billion over three years are foreseen in PPC's new, updated strategic plan 2025-2027, which will drive EBITDA to €2.7 billion in 2027 and over €3 billion in 2030. 94% of the investments will be directed to growth, namely

• RES (51%)
• networks (27%).
• flexible generation (9%)

laying the foundations for growth in Greece and South-East Europe. In 2024 alone, the PPC group will invest €2.9 billion, with most of it in Greece. 

GEOGRAPHICAL EXPANSION AND DEPLOYMENT

At the same time, as PPC Group President and CEO George Stassis noted yesterday during the investor briefing:

• No geographical expansion into new markets is expected in the next three years, as apart from Greece and Romania, it is already running its entry into Italy, Bulgaria and Croatia, in the first phase with the development of RES projects
• It is not considering new acquisitions in RES, as it is already on track to achieve its targets with organic growth

"However, we cannot rule it out if there is something that makes commercial sense. Such a case would be a good wind project, given that our renewables portfolio consists mainly of wind," he added. 

WHAT THE PLAN FORESEES 

• Greece and SE Europe will develop 6.3 GW of RES by 2027, with a goal of installing 11.8 GW by that year. Today, about 60% of the RES to be added are in the construction phase or ready for construction or even in the tendering process (bidding)
• Development of 1.8 GW of flexible power generation, such as pumped storage, batteries, gas plants, and hydroelectric projects
• Full de-oilization in 2026 and significant reduction in generation from oil plants due to island interconnections, with a target to reduce greenhouse gas emissions by 80% between 2019 and 2027
• New value-added solutions for customers, such as synergies with Kosovolos, supporting services for home PV, electrician certificates and management solutions. Aim to increase the penetration of value-added services in its customer base from 19% in 2024 to 40% in 2027
• Expansion of the vertically integrated model in Romania, with strong renewable energy growth to meet the energy needs of PPC Romania's large customer base
• Steady grid growth in Greece and Romania, where the Regulated Asset Base is expected to grow by 7.7% compound annual growth rate (CAGR) over the three years to €6 billion in 2027

SHARE 

As part of the group's plans, the dividend is expected to increase by 41% compound annual growth rate (CAGR), the highest in the European energy companies sector, with a target of €0.25 per share for the 2023 financial year, rising to €1 per share in 2027.

PTOLEMAIDA 5

Asked about the plans for the Ptolemaida 5 unit after the withdrawal of the lignite units, Stassis noted that final decisions will be taken at the end of 2025, adding that it is being considered to be converted into a combined cycle gas turbine (CCGT) unit.

DATA CENTERS 

Regarding the plans in the data centers sector, Stassis recalled the agreement with DAMAC to build a data center in Attica and said that "we are looking at other plans, we will have new ones in the future, in order to use our power plants in the best way". 

OPTICAL FIBRES

In terms of the fibre optic sector, PPC is close to reaching its target of covering 500,000 households and businesses at the end of 2025, with a target to increase to 1.5 million at the end of 2027 and 3 million at the end of 2030. According to Stasi, a pilot is already running with a few customers and there will be a new, more extended commercial pilot phase in the coming months, and he stressed that the FTTH network is being implemented at a slightly lower cost than forecast.