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PPC
Merger of supply and distribution companies in Romania
In order to achieve more effective management, increased flexibility, and quicker customer service delivery, the competent bodies of the PPC Group companies in Romania made the decision to streamline the organizational structure of the companies.
How the turnaround story of PPC unfolded
A three-pillar strategy that included carbonisation, digitalization, and a customer-centric philosophy contributed to PPC's significant improvement, according to Chairman and CEO G. Stassis, speaking on Eurelectric's Redefining Energy podcast.
Strong Q1 2024 results for PPC with recurring EBITDA at €459m
PPC's first-quarter recurring EBITDA of €459 million pushed the company to aim higher for the entire 2024 fiscal year, reaching €1.8 billion.
24 months to complete the new power plant in Alexandroupolis
The new 840 MW power plant in Alexandroupolis, which is being jointly built by PPC, DEPA Commercial and Damco Energy of the Kopelouzos Group (20%), is expected to be completed in 24 months.
PPC ideally positioned for the energy transition
PPC is ideally positioned to lead the energy transition in Southeast Europe according to Georgios Stassis.
Construction of a solar park in Kozani on behalf of the PPC
Construction of a new 171 MW solar park at the Western Macedonia Lignitic Centre in Kozani, starts the Intrakat Group on behalf of the PPC Group.
Development of a solar portfolio in 4 countries in cooperation with Mytilineos
Strategic Cooperation Agreement between PPC Group and MYTILINEOS Energy & Metals for the development of a solar portfolio of up to 2,000MW in 4 countries
Completion of the acquisition of Kotsovolos
PPC has completed the acquisition of Kotsovolos retailer of appliances.
Net profit €485 million - Dividend distribution after 10 years
PPC records €1.5 bn EBITDA on a pro-forma basis reinstating dividend distribution at €0.25/share.
Agreement with Copelouzos and Samaras Groups for a Wind Farm at Alexandroupolis
PPC announces that, PPC Renewables and the Copelouzos and Samaras Groups have signed an agreement for the acquisition of shares of the company ”THRAKIKI WIND 1 S.A"
Completes acquisition of minority stakes of Fondul in ENEL Romania
PPC says that it has completed the acquisition of all the minority equity stakes of Fondul held by Enel Romania for a consideration of 130 million euros.