Search Results: PPC

Greece's dominant power utility sought 500 million euros from the markets; bond matures in 2031

The yields from the offering called “Offering” will be used to finance ongoing capital expenditure projects by the country’s largest electric power company

This is a move that aims for the gradual phase-out of lignite units and an increase in renewable energy sources, with a particular emphasis on wind energy.

This optimism is fueled by PPC's recent 700 million euro acquisition of Macquarie's renewable energy portfolio in Romania and the company's strong financial performance in the first half of the year.

On the renewable energy front, Stassis cited cooperation with major partners, including RWE, for projects totaling 940 MW, along with Intrakat for up to 2.7 GW and Metlen for 2 GW

The company approved a record 199.4-million-euro dividend distribution to its shareholders, or 1.80 euros per share, in a general meeting to be paid out on Wednesday, July 3rd.

The deal, previously reported by ot.gr, is billed as valued at two billion euros, with implementation horizon of three years.

Development marks first foray into retail sector for Greece's dominant power utility

Greece's dominant power utility 'back in black' after flirting with insolvency prior to 2019

PPC FiberGrid selected areas based on factors, such as population coverage and the lack of Fiber to the home (FTTH) infrastructure

British electrical retailer Curry’s, which own Kotsovolos, announced the sale after the Greek Competition Commission approved the deal

The project began construction in 1986, but never operated, and is valued at around 500 million euros

Dominant power utility eyes significant foray into consumer goods sector with the purchase of Kotsovolos chain; auto charging network (PPC Blue) and entry into the telecoms market

The announcement was made by the President and CEO of PPC, George Stasis at Capital Markets Day in London

The planned wind park, which will be located in the sea area off Alexandroupolis, is set to become a permanent installation

According to the agreement, the Intrakat Group is set to transfer six operational and under-development RE projects to DEI Renewables, totaling approximately 164 MW