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. As of November 29, 2017, at the request of the Parent Company, GDRs were deleted and their trading on the London Stock Exchange ceased.
Today it is operating in a liberalized market environment, covering the whole spectrum of activities in the electrical power field.
With € 4.7 billion turnover and total assets amounting to € 14.1 billion in 2018, it is the largest power generation company in Greece and the country's largest power supply provider for approximately 6.9 million customers, being a leader in the wider market of Southeast Europe.
It currently holds assets in lignite mines, power generation and distribution. PPC’s current power portfolio with installed capacity of 11.3 GW, consists of conventional thermal and hydroelectric power plants, as well as RES units (excluding 930 MW of its two lignite subsidiaries to be divested Lignitiki Melitis S.A. and Lignitiki Megalopolis S.A.), accounting for approximately 54.3% of the total installed capacity in the country.
PPC also owns the power distribution network (Low and Medium Voltage of 240,000 km approximately and High Voltage lines of 1,000 Km approximately) which is operated by its 100% subsidiary, the Hellenic Distribution Network Operator S.A. (HEDNO S.A.). PPC has also constructed approximately 162 kilometres of urban fibre optics network.
PPC at a glance - Key figures
• 6.9 million customers
• 11.3 GW installed capacity – (c. 54.3% of the installed power capacity in Greece - excluding 930 MW of its subsidiaries to be divested LIGNITIKI MELITIS S.A. and LIGNITIKI MEGALOPOLIS S.A.)
• Distribution Network : 239,119 km of Low & Medium Voltage lines and 989 km of High Voltage lines along with approximately 162 kilometres of urban fibre optics network