Public Power Corporation was founded in 1950, with a vision to formulate and implement a national energy policy, which will achieve electrification of Greece through efficient utilization of domestic resources.
As a result of efficient and scalable production and innovative technology, PPC achieves electrification of the entire country, from the small islands of the borders to the most secluded settlements of mountainous Greece.
As of January 1, 2001, PPC begins operating as a Societe Anonyme, and by December 12, 2001 is listed on the Athens Stock Exchange, while Global Depository Receipts (GDRs) were admitted to London Stock Exchange, which were deleted, as of November 29, 2017, at the request of the Parent Company.
Today it is operating in a liberalized market environment, covering the whole spectrum of activities in the electrical power field.
With € 4.9 billion turnover and total assets amounting to € 13.6 billion in 2019, it is the largest power generation company in Greece and the country's largest power supply provider for approximately 6.6 million customers, being a leader in the wider market of Southeast Europe.
PPC holds assets in lignite mines, power generation and distribution.
PPC holds assets in lignite mines, power generation and distribution. The installed capacity of its power plants is 11.6 GW and accounts for approximately 55% of the installed capacity of power stations in Greece. Its power portfolio consists of conventional thermal plants (lignite, gas and oil fired), and hydroelectric power plants, as well as Renewable Energy Sources (RES) installations. PPC is the owner of the Distribution Network (Medium and Low voltage of approximately 240,000 km and High Voltage of approximately 1,000 km) which is operated by its 100% subsidiary, the Hellenic Distribution Network Operator S.A. (HEDNO S.A.). PPC has also developed an urban fiber optics network of 162 km.
PPC at a glance - Key figures
• 6.6 million customers
• 11.6 GW installed capacity – c. 55% of the installed power capacity in Greece
• Distribution Network : 240.000 km of Low & Medium Voltage lines, 1.000 km of High Voltage lines and 162 Km of urban fiber optics network