Investor Relations - 11.02.2020

Memorandum of understanding between PPCR S.A. and EDPR

                                                                                            Announcement

 

PPC S.A. announces that a Memorandum of Understanding was signed between its subsidiary PPC Renewables S.A. and EDP Renewables.

EDPR, a subsidiary of Energias de Portugal S.A (EDP), is among the global leaders in the RES sector.

According to the MoU, the parties will explore the possibilities of collaboration for the construction and development of RES projects in Greece. The projects' implementation will be based upon the optimum business model and collaboration structure, in line with each party's respective corporate policies.

Through their common efforts, the parties are targeting the development of at least 400MW of renewable projects, which is in line with Greece’s ambitious targets for further increasing renewables’ penetration in its energy mix.

 

Athens, February 11, 2020

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