COMPANY

Corporate Identity

Corporate Identity


COMPANY REGISTERED SEAT 

PUBLIC POWER CORPORATION S.A. 

30 CHALKOKONDYLI St. 

104 32 ATHENS 


Overview of Company's activities 

PPC is Greece’s largest electricity generator and the principal supplier of electricity in Greece.
 
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.).

Specifically, in the RES sector, PPC is the first company in Greece to install RES (in 1982), and is active through its subsidiary company “PPC Renewables S.A.” (PPCR), with a portfolio of wind farms, small scale hydroelectric plants and photovoltaics..

The Hellenic Electricity Transmission System, often referred to as the “Interconnected System”, spreads over the mainland of Greece. The Ionian Islands, along with certain Aegean Islands, are also included in the Interconnected System, to which they are connected through submarine cables. In the Interconnected System, approximately one third of the generation capacity is located in northwestern Greece, in close proximity to the lignite mines

All remaining islands, which are referred to as the “Non-Interconnected Islands”, are served by autonomous oil-fired power plants. In most of the islands, demand is also covered by RES. The largest power plants in the Non-Interconnected Islands are located in Crete and Rhodes (with total thermal capacity exceeding 1,150 MW).

In 2019, PPC’s generation of 25.8 TWh coupled with the 2.3 TWh that it imported, covered 45.5% of total demand. PPC’s energy mix comprised of generation from lignite (40.5%), oil (17.8%), natural gas (27.6%), hydroelectric (13.1%) and renewable energy sources (1%).

The nearly 6.6 mil. customers of PPC, consumed 75.8% of the total electricity supplied to end-customers in Greece in 2019.

PPC remains by far the largest private investor in the country with total investments exceeding EUR 3.3 billion during the last five years, which contribute to the renewal of its generation potential and are expected to improve significantly the financial results of the company in the coming years.

PPC is entering a new phase during which it plans to transform itself into a modern, strongly outward-looking and efficient European utility.

The three pillars through which PPC’s business plan for the coming years will be implemented are the following:

- Implementation of the "Green deal" in electricity generation by accelerating the decommissioning of lignite power plants and the corresponding mines and highlighting RES as the new dominant energy production technology. The detailed decommissioning plan includes the removal of polluting lignite plants with a capacity of about 3.4 GW by 2023. The decommissioning plan will be implemented with full respect for PPC employees, local communities and the environment.

- The plan for the new PPC includes significant investments in RES, aiming at an additional installed capacity of more than 1 GW by 2024, which will come from organic growth and many partnerships as well. The plan also includes PPC’s entrance in e-mobility with the installation of 1,000 charging stations throughout Greece over the next 2-3 years and 10,000 charging stations in the medium term.

- Digitization and operational efficiency to achieve cost reduction synergies and revenue growth by applying new technologies in all PPC’S sector. The company's digital transformation plan includes network upgrades, with tools such as smart meters, automated switches, GIS systems and more.

- Expansion to new activities and value-added products with a customer-oriented approach both in the retail electricity market and in new business sectors, such as e-mobility. The transformation of the Commercial department includes new combined products and flexible packages, as well as high level energy services, following the example of modern electricity suppliers worldwide.

The following table shows selected PPC’s operating data for the years 2017, 2018 and 2019:

 

YEAR ENDED 31ST DECEMBER

2019

2018

2017

Installed Capacity (GW)

11.6

12.2

12.1

Percentage of total installed capacity in Greece (1)

55.1%

58.9%

59.5%

Net Annual Generation (TWh) (2)

25.8

31.2

32.6

Generation market share (3) (average annual)

53.7%

61.2%

63.0%

Electricity sold to end customers (annualy) (TWh) (4)

38.4

40.8

43.8

Supply market share (5)  (average annual)

75.8%

86.7%

91.8%

Customers (in mil.)

6.6

6.9

7.2

Number of employees on payroll

15,109

16,747

17,519

(1) Ιnstalled capacity of PVs household installations is included in the relevant figures.
  
(2) Net electricity generation equals gross generation of electricity less energy consumed internally in the generating process.

(3) Generation market share is defined as the percentage of the electricity generated by PPC over the total electricity generated in Greece each year.

(4) Including domestic sales and exports.

(5) Supply market share is defined as the percentage of the electricity supplied by PPC to end-customers in Greece over the total electricity supplied to end-customers in Greece each year.

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