The success of the increase of PPC’s share capital increases the amount of investments included in the business plan for the period 2022 2026.
The business plan approved on the eve of the capital increase provided for investments of 8.4 billion euros for this period, while the new plan presented to investors the day before yesterday envisages almost 1 billion additional investments which will reach 9.3 billion .
The additional funds are directed to renewable energy sources, networks, larger investments in the Balkans and waste management.
In detail, according to the new business plan, more than half of the investment funds (55%) will be directed to renewable sources, inside and outside Greece. 20% will go to distribution networks, 7% to conventional energy sources, 4% to waste energy production and 3% to retail.
Geographically, 85% is intended for investments within Greece and 15% (1.4 billion) in the Balkans, mainly Romania and Bulgaria, which have the advantage of being connected to the Greek system.
In terms of time, PPC’s investment demarcation starts this year with 600 million Euros and escalates to 1.2 billion. In 2022, 2.3 billion in 2023 and 2.5 billion in 2024 while in 2025-2026 will be invested from 1, 7 billion euros.
PPC’s investments will contribute to the improvement of the country’s energy self-sufficiency as electricity imports are projected to decrease to 10% of the market in 2026 compared to 18% in 2020.
The increase of the share capital of PPC is completed tomorrow Thursday with the closing of the book of offers. The funds requested funds (1.35 billion) were covered within the first hour, while until yesterday afternoon investors had registered for 3 billion euros.
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