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 11.3 GW and accounts for approximately 54.3% of the installed capacity of power stations in Greece (excluding 930 MW of its two lignite subsidiaries to be divested Lignitiki Melitis S.A. and Lignitiki Megalopolis S.A.). 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.

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, which are the primary fuel source. In the last few years, two new, state of the art gas-fired plants were constructed, namely Aliveri V and Megalopolis V, in the southern part of the Interconnected System as well as the new hydroelectric power plant of Ilarion.

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 2018, PPC’s generation of 27.4 TWh coupled with the 2.4 TWh that it imported, covered 47.9% of total demand. PPC’s energy mix comprised of generation from lignite (40.6%), oil (16.8%), natural gas (23.2%), hydroelectric (18.5%) and renewable energy sources (0.9%).

The nearly 6.9 mil. customers of PPC, consumed 81.9% of the total electricity supplied to end-customers in Greece in 2018.

PPC remains by far the largest private investor in the country with total investments exceeding EUR 3.4 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.

Within this framework, it is building strategic partnerships in Greece and abroad, investing in state of the art environmentally friendly units, with the focus being on Renewables. Until 2030 the strategic plans of the company will involve the construction and acquisition of RES with a capacity of at least 2 GW, which is translated into an increase of the respective current capacity fifteen times. In order to fulfil this goal, PPC proceeds to broad organizational changes for the dynamic development of its portfolio in RES projects. Moreover, PPC is focused on investments on Distribution Network projects given their stable return. Furthermore, it aims at being active in new products and services and in particular in Natural Gas.

 The following table shows selected PPC’s operating data for the years 2016, 2017 and 2018:

 

 

YEAR ENDED 31ST DECEMBER

2018 (1),(2)

2017 (1)

2016

Installed Capacity (GW)

11.3

12.1

12.1

Percentage of total installed capacity in Greece (3)

54.3%

59.5%

60.3%

Net Generation (TWh) (4)

27.4

32.6

30.3

Generation market share (5) (average annual)

53.8%

63.0%

62.7%

Electricity sold to end customers (TWh) (6)

40.9

43.8

45.6

Supply market share (7)  (average annual)

81.9%

86.7%

91.8%

Customers (in mil.)

6.9

7.2

7.3

Number of employees on payroll

15,526

17,519

18,902

 

(1) The years 2017 and 2018 do not include figures for IPTO (whose full ownership unbundling from PPC was completed in 2017).

(2) 2018 does not include the figures for "Lignitiki Melitis S.A." and "Lignitiki Megalopolis S.A."

(3) Ιnstalled capacity of PVs household installations is included in the relevant figures.

(4) Net electricity generation equals gross generation of electricity less energy consumed internally in the generating process.

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

(6) Including domestic sales and exports.

(7) 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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