In 1950 Public Power Corporation is founded with a vision to formulate and implement a national energy policy, which will achieve electrification of Greece through efficient utilization of domestic resources. Its aim "to serve the public interest" means the right to electricity for every Greek citizen at the lowest possible price.
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 gets listed on the Athens and London Stock Exchanges.
Today it is operating in a liberalized market environment, covering the whole spectrum of activities in the electrical power field.
With € 5.7 billion turnover and total assets amounting to € 17.3 billion in 2015, it is the largest power generation company in Greece and the country's largest power supply provider for approximately 7.4 million customers, being a leader in the wider market of Southeast Europe.
It currently holds assets in lignite mines, power generation, transmission and distribution. PPC’s current power portfolio with installed capacity of 13 GW, consists of conventional thermal and hydroelectric power plants, as well as RES units, accounting for approximately 64% of the total installed capacity in the country. Approximately 57% of the total electricity is generated from lignite, turning PPC into the 2nd largest lignite-generated electricity producer in the E.U.
PPC also owns the power distribution network (Low and Medium Voltage of 236,290 km and High Voltage lines of 945 Km), whereas its 100% subsidiary, IPTO S.A., owns the national power transmission system of 11,365 km.
After the spin-off of the Transmission and the Distribution segments, two 100% subsidiaries of PPC were created, namely IPTO S.A. (Independent Power Transmission Operator S.A.) and HEDNO S.A. (Hellenic Electricity Distribution Network Operator S.A.). IPTO S.A. is responsible for the management, operation, maintenance and development of the Hellenic Electricity Transmission System and its interconnections, while HEDNO S.A. is responsible for the management, operation, development and maintenance of the Hellenic Electricity Distribution Network.
PPC at a glance - Key figures
• 7.4 million customers
• 13 GW installed capacity – (c. 64% of the installed power capacity in Greece)
• Transmission System Lines : 11,365 km (High Voltage)
• Distribution Network : 236,290 km of Low & Medium Voltage lines and 945 km of High Voltage lines