PPC is the leading South East European electric utility, with activities in electricity generation, distribution and sale of advanced energy products and services in Greece Romania and North Macedonia. It is the largest power supplier in Greece and Romania, servicing 8.7 m customers in total, providing to them more than 35TWh of energy.
For more than 70 years, PPC has been at the forefront of Greece’s power industry and an integral part of the country’s process of electrification. PPC is publicly listed in the Athens Stock Exchange since 2001.
PPC is now the largest clean energy company in SEE with 4.5 GW production capacity from renewables and 1.9 GW under construction and a project pipeline of 18 GW.
PPC holds a 51% interest in the Hellenic Electricity Distribution Network Operator S.A., which is the sole owner and operator of the electricity distribution network in Greece, with over 248,000 km of network. PPC owns in Romania the distribution network in 3 regions of the country, including Bucharest, by far the country’s most important region. It distributes energy to over 3.1 million customers, at approximately 1/3 of Romania with over 133,000 km of network.
For 70 plus years PPC has been a driving force for the development of our national economy. Its establishment, in August 1950, came to change the image of the energy landscape of Greece through the implementation of a particularly crucial national project, the electrification of the country. Today, it pioneers and leads the energy transition, through its transformation and its new strategic plan, in full alignment with the ambitious 2050 climate neutrality goals of the European Union and Greece.
PPC is changing in the direction of the energy transformation that is taking place worldwide in the industry, with the aim of playing again a leading role in Southeast Europe. It is entering a new phase in which it plans to transform itself into a modern, strongly outward-looking and efficient European energy supply company.
We have a great and long history, but we are now opening a new chapter, creating value for the benefit of the region, the consumers and naturally the environment.
Georgios I. Stassis
Chairman and Chief Executive Officer
PPC Group
The transformation of PPC is based on 3 pillars through which the company’s business plan for the coming years will be implemented:
1. Implementation of the "Green deal" in electricity generation by accelerating the decommissioning of lignite power plants and the corresponding mines and highlighting RES as the new dominant energy generation technology. The detailed decommissioning plan includes the removal of polluting lignite plants with a capacity of approximately 3.4 GW by 2025 and in parallel significant investments in RES, aiming at an installed capacity of more than 8.9 GW by 2026.
2. Digitization and operational efficiency to achieve cost reduction synergies and revenue growth by applying new technologies in all PPC’s sectors. The company's digital transformation plan includes network upgrades, with tools such as smart meters, automated switches, GIS system.
3. Expansion to new activities and value-added products with a customer-oriented approach both in the retail electricity market and in new business sectors, such as e-mobility and energy retail. The transformation of our Commercial unit includes launching new products and flexible packages, as well as new value-added services, following the example of modern electricity suppliers worldwide. Regarding e-mobility, the plan for the installation of the “largest charging stations network” is progressing rapidly and steadily.