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 01.01.2001, PPC begins operating as a Société Anonyme, and by 12.12.2001 is listed on the Athens Stock Exchange.
PPC is re-inventing itself in order to be aligned with the energy transition through the implementation of its strategic priorities by (i) proceeding to the decarbonization of its business through accelerated lignite phase out plan and a ramp-up of Renewables investments, (ii) focusing on digitalization and operational efficiency applying new technologies across all business activities and (iii) pursuing areas of additional growth through customer centricity undertaking at the same time a leading role in the development of e-mobility in Greece.
With €4.6 billion turnover and total assets amounting to €13.7 billion in 2019, it is the largest power generation company in Greece and the country's largest power supply provider for approximately 6 million customers, being a leader in the wider market of Southeast Europe.
PPC’s total capacity is 11 GW and accounts for approximately 51% of the installed capacity of power stations in Greece. PPC is the owner of the Distribution Network with a Regulated Asset Base of c. €3 billion (Medium and Low voltage of approximately 242,000 km and High Voltage of approximately 1,000 km), which is operated by its subsidiary, the Hellenic Distribution Network Operator S.A. (HEDNO S.A.). Its power portfolio consists of lignite, gas and oil fired, as well as hydroelectric power plants, but also Renewable Energy Sources (RES) installations.
PPC at a glance - Key figures
• 6 million customers
• 11GW installed capacity – c. 51% of the installed power capacity in Greece
• Distribution Network : 242.000 km of Low & Medium Voltage lines, 1.000 km of High Voltage
• Regulated Asset Base of c. €3 billion