Investments of EUR 9.3 bln in 5 years by PPC
The Plan of Mr. Stassis Management for RES and EUR 1.7 bln in significant projects for E-Mobility, Energy-from waste and Telecoms In addition to PPC’s major investments in Renewable Energy Sources (RES), the company’s investment programme, totaling EUR 9.3 billion until 2026, includes investments of EUR 1.7 billion in three other infrastructure sectors. By this programme, PPC aims at taking the lead in the market for E-Mobility chargers, at expanding in telecommunications and at constructing a waste-to-energy plant. PPC Management states in the newsletter for the recent share capital increase that it intends to develop the largest network of EV chargers in Greece, with 10,000 points, investing EUR 130 million by 2030. It forecasts that from this activity the company’s EBITDA will rise to approximately EUR 50 million per annum upon completion of the investment. Moreover, PPC plans to operate the first waste-to-energy plant in Greece, with a capacity of 56 MW, an investment totaling EUR 350 million. In accordance with the company’s revised business plan, as presented to investors for the share capital increase, the said plant will convert the residues from the mechanical treatment of solid waste into energy and will have the potential to support the heating of buildings in the future. The location is not specified, but, as previously announced, the plant is scheduled to operate in West Macedonia, at PPC’s owned facilities since they already have the necessary interconnection infrastructure.
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