Public Power Corp. sees EBITDA at 2.7 bln euros in 2027

Public Power SA

14/11/2024 12:02

ATHENS, Nov 13 (Reuters) - Public Power Corp. (PPC),
Greece's biggest power utility, aims at earnings before
interest, tax, depreciation and amortisation (EBITDA) of 2.7
billion euros ($2.84 billion) in 2027 on the back of massive
investment in renewables, it said on Thursday.
    Under its 2025-2027 plan,  PPC  DEHr.AT , which operates
Greece's main power grid, said it plans to spend 10 billion
euros  ($10.53 billion) by 2027, bolstering renewables capacity
to reach 11.8 gigawatt and upgrading its power distribution
network.
    The utility reiterated its target to decommission the
country's remaining coal-fired plants in 2026.


($1 = 0.9501 euros)

 (Reporting by Angeliki Koutantou in Athens and Antonis Pothitos
in Gdansk
Editing by Tomasz Janowski)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))