The Strategic Plan for the period 2024-2026, presented in London by PPC Groupwhich is based on healthy economic development with efficient investments inside and outside Greece and a vehicle for the green transition, customer-centric philosophy, technology and partnerships.

PPC Group is moving forward with its transformation and setting high goals for the next three years. Between 2024 and 2026 PPC aims to:

  • Increase in installed capacity by 18% on an annual basis despite the parallel withdrawal of all lignite units by 2026.
  • Increase of the installed capacity from RES which will constitute more than 2/3 of the total installed capacity in 2026 from 43% today and investments in energy storage stations. PPC Group aims to have 8.9 GW of installed capacity from RES in 2026.
  • Total investments of €9 billion in the three-year period, mainly in RES, network upgrades and new activities, increased by 130% compared to the three-year period 2021-2023, which will be financed mainly by the Group’s operating cash flows and borrowing, 80% of which it has already been secured.
  • Expansion into South East Europe and exploiting the potential for value creation between the countries, through the energy corridor being created.
  • Entry into new related markets, such as fiber optic networks, and further development of new activities already started, such as electrification.
  • Sustainable development with a 74% reduction in CO2 emission intensity (Scope 1 and 2, 3 (cat.3)) and a 42% reduction in Scope 3 emissions in 2030 compared to 2021, as well as a net zero carbon footprint target ( Net Zero) by 2040.

Having reached the EBITDA target of €1.5 billion 2 years earlier than the previous Strategic Plan, the Group aims in the coming years for an EBITDA increase of 15% on an annual basis. Group EBITDA is expected to reach €2.3 billion in 2026 (a 35% increase from the €1.7 billion previously targeted for 2026). For 2030, PPC Group aims for an EBITDA of approximately €3 billion.

Despite the significant investments, the Net Debt/EBITDA ratio is expected to be 3.3x, i.e. at levels below the upper limit of 3.5x set by the Management.

Reinstatement of dividend policy after almost 10 years, with dividend distribution every year starting from 35%- on net profits and increasing up to 55%.

The President and CEO of PPC Group, Mr. Georgios Stassis, stated: “The new PPC Group that we envision is internationalized, developmental, healthy, customer-centric and modern to create sustainable value for all stakeholders. The three years 2024-2026 will be three years of investments, amounting to €9 billion, which will create value for the group and goodwill for customers, shareholders, employees and the environment, in all the countries where we operate. According to our new business plan, PPC Group is strategically positioned in the green transition. We create the green infrastructure and tools for our customers to take advantage of the benefits of a green energy future and the opportunities created by the new electrification era. We consistently strive to be the first choice of customers, not out of habit, but because we are the most modern and environmentally and consumer friendly company in our wider area. The leading clean energy company in South East Europe that plays a leading role in the very competitive international energy environment. We are building on what we have achieved in recent years and the renaissance of the business. We are growing with consistency and financial prudence to ensure that PPC Group will effectively fulfill its critical role in all the countries in which it is present.”