The Greeks from PPC, who bought Enel’s business in Romania, are investing massively in renewables in Romania, but they are not the only ones in Greece putting money into green energy projects in Romania. Power Public Corporation (PPC), the company controlled by the Greek state, “inherited” following the transaction through which they took over all […]
PPC Group’s operating profitability rose by 57% in the first half of this year, with the company posting an adjusted EBITDA of 927 million euros, thanks to the higher contribution of the distribution business, the improved profitability of the integrated business and the addition of operations in Romania, it said. in a statement sent to […]
PPC Company announces that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire its renewable energy generation portfolio in Romania, which consists of 629 MW of renewable energy in operation and approx. 145 MW assets under development, according to a press release. PPC thus […]
PPC was included in the FTSE4Good Index Series, following an assessment conducted by FTSE Russell, a global index and data provider owned by London Stock Exchange Group. PPC, with its inclusion in the FTSE4Good, stands among globally leading companies with significant performance in Environmental, Social, and Governance (ESG) issues. In particular, PPC was rated on […]
The Rețele Electrice companies are organizing, through the SEAP public platform, an auction for the purchase of smart meters for three-phase branches, with a maximum value of 4,625,000 euros, in order to continue the digitalization of distribution networks, increase operational resilience and flexibility, and the quality of services offered to customers , the distribution company […]
A new wind power plant, with an installed capacity of 140 MW, at the location “Deleni” of the Vaslui County, is added to the organic development of the RES portfolio of PPC Renewables, as it reached construction phase. The new wind plant is designed with 23 GE Vernova 6.1 MW turbines and will be connected […]
The EBRD is lending the equivalent of €100 million in Romanian lei (RON 500 million) to distribution subsidiaries of Public Power Corporation SA, operating in South-Eastern and Western Romania, part of a RON 1 billion (€200 million) syndicated loan alongside three local lenders to modernise and digitalise the electricity distribution networks, making them better able […]
The national energy system shows its technical limits, being subjected to an unusual thermal stress, and among the causes for the limits in the production of electricity and for the high prices on the energy markets are elements such as inconsistencies in the adoption of a National Energy Strategy, bureaucracy and a populist approach , […]
Three years of operation and continuous development have been completed by PPC blue, having created the largest network of public chargers in Greece which now also has a presence in Romania following the acquisition by PPC of Enel’s activities in the country. With charging points now exceeding 2,700 in Greece and Romania, PPC blue invests […]
The second large photovoltaic park project developed by PPC in Arad, taken over with the acquisition of Enel’s businesses in Romania, is to obtain the establishment authorization this week. The first one got it last week. Thus, at the end of next year, PPC should have operational over 600 MWp in photovoltaics in Arad. “Draft […]
Georgios Stassis, CEO of the Greek group PPC, with operations in Romania as well, asks the European Commission for measures to encourage the electrification of the heating sector. “Electrification is very important in our strategy. Measures to encourage electrification must come from the level of the European Commission and the member states. It is important […]
The Greek group PPC, which bought the distribution and supply of electricity in Romania from Enel, will develop significantly in the renewable area in South-Eastern Europe, including Romania, said the president of the group, Georgios Stassis. “I think it’s time for Europe to focus significantly on technology. Europe has always been a user of technologies […]
PPC Group, which bought Enel’s Romanian business, reported a net profit of 86 million euros in the first three months of 2024, up from 51 million euros a year ago. PPC Group’s pre-tax profit rose to 122 million euros, compared to 73 million euros in Q1 2023, mainly due to improved operating profitability and the […]
The need for development and investment in networks and interconnections, as well as the development of storage projects, is imperative, according to PPC CEO, Konstantinos Mavro. “We are already a big player and we aspire to become an integrated player in the region” emphasized Mr. Mavros from the stage of the 9th Delphi Economic Forum, […]
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