Enel CEO in Romania proposed for PPC’s new chief
Georgios Stassis, who currently serves as CEO and country manager for Italian energy company Enel in Romania, has been put forward for appointment as new CEO of Greece’s ailing majority state-owned Public Power Corporation (PPC), the Greek media has reported. Stassis, who had been with the Enel Group since 2007, would replace Manolis Panagiotakis, who […]
PPC restructuring: HEDNO to be part-privatized, NOME auctions to be scrapped
Greece intends to sell a minority stake in the Hellenic Electricity Distribution Network Operator (HEDNO), a 100% subsidiary of troubled Public Power Corporation (PPC), as part of restructuring plans for PPC announced by new Prime Minister Kyriakos Mitsotakis and Environment and Energy Minister Kostis Hatzidakis, the Greek media reported. The rescue plan envisages slashing the […]
Greece hits 3 GW wind energy milestone
Greece’s cumulative wind energy capacity has exceeded 3 GW, according to the latest data from the Greek Wind Energy Association (ELETAEN). Greece hit the 3 GW milestone on May 20, with an Enercon E-70 E4 2300kW wind turbine installed at the Trikorfo wind farm, ELETAEN said in a press release, noting that the achievement was […]
Greek power company PPC CEO steps down
Greece’s majority state-owned Public Power Corporation (PPC) Chairman and CEO Manolis Panagiotakis has tendered his resignation to new Greek Environment and Energy Minister Kostis Hatzidakis, saying that the move is aimed at making it easier for the new government to implement its policy. Hatzidakis thanked the outgoing PPC CEO for his years of service and […]
Greece’s new energy minister, Kostis Hatzidakis, announces rescue plan for PPC
Not 24 hours after the polls closed in Greece, the new prime minister, Kyriakos Mitsotakis, has unveiled his cabinet. New Democracy Vice President Kostis Hatzidakis will lead one of the two key ministries – of the environment and energy. The new Greek Environment and Energy Minister Kostis Hatzidakis’ key task will be to tackle the […]
Elsewedy agrees to buy 4 wind farms, 1 SHPP in Greece
Egypt’s Elsewedy Electric, an integrated energy and infrastructure solution provider, has announced entering into a share purchase agreement with R.F. Energy S.A. (a subsidiary of F.G Europe S.A.) to acquire 100% of the share capital of 3 wind energy and 1 hydropower companies in operation in Greece. The total consideration agreed is EUR 55 million, […]
PPC secures EUR 160 million for distribution network upgrade, expansion
Greece’s Public Power Corporation (PPC) has secured a EUR 160 million loan, backed by a sovereign guarantee, from the Black Sea Trade and Development Bank (BSTDB). The loan will support PPC’s capital expenditure plan concerning the distribution network, the BSTDB said. The proceeds of the loan will be used to finance PPC’s capital expenditures for […]
Greece launching new renewables, sustainable infrastructure investment scheme
Fresh investment in renewables, energy efficiency, and urban development projects across Greece will be supported following the first agreement under a new EUR 650 million infrastructure investment initiative, according to a press release from the European Investment Bank (EIB), which manages the Infrastructure Fund of Funds. The Infrastructure Fund of Funds, to support renewable energy […]
