Brief: Power Public Corp. Announces Strategic Partnership With Intrakat For RES Portfolio With Total Capacity Up To 2.7 GW

Aktor Holding Technical And Energy Projects SA

20/12/2023 08:18

Dec 20 (Reuters) - Public Power Corporation SA
 DEHr.AT :
    * ANNOUNCES STRATEGIC PARTNERSHIP WITH INTRAKAT FOR THE
JOINT
DEVELOPMENT OF RES PORTFOLIO WITH TOTAL CAPACITY UP TO 2.7 GW
    * WITHIN THE FRAMEWORK OF THE AGREEMENT INTRAKAT WILL
TRANSFER TO
PPC RENEWABLES 6 RES PROJECT WITH A TOTAL CAPACITY OF 164 MW
    * PPC RENEWABLES WILL PARTICIPATE WITH A 49% STAKE IN
HOLDING
COMPANIES OF INTRAKAT GROUP
    * THE TRANSACTION CORRESPONDS TO AN ENTERPRISE VALUE OF EUR
100.0
MILLION FOR THE PARTICIPATION OF PPC RENEWABLES
    * THE VALUE OF THE JOINT INVESTMENT IS ESTIMATED AT EUR 1.00
BILLION AND COMPLETION OF SALE-PURCHASE AGREEMENTS EXPECTED BY
END OF FEB. 2024

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Further company coverage: [DEHr.AT, INCr.AT]

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