Electricity

Greek PPC approved acquisition of regional power trading company EDS

Photo: dei.gr

Published

April 18, 2018

Country

Comments

0

Share

Published:

April 18, 2018

Country:

Comments:

0

Share

Greek Public Power Corporation (PPC) approved the acquisition of Energy Delivery Solutions (EDS), electricity trading and supply company in former Yugoslav Republic of Macedonia (FYR of Macedonia).

The approval comes three months after PPC said that it is close to acquire EDS.

“PPC’s Board of directors after completing all the required economic and legal affairs approved purchase of EDS for EUR 4.8 million”, Greek national power utility said in a statement.

PPC sees this acquisition as part of its strategy to expand business activities abroad, especially in the Balkan region where it seeks to become a leading player in view of the forthcoming integration of energy markets advocated by EU.

According to PPC statement, EDS was established in 2012 and has subsidiaries in Serbia, Slovakia and Kosovo*. It is a member of the Hungarian Power Exchange (HUPX) and has electricity trading licenses in Serbia, Kosovo*, Croatia, Bulgaria and Hungary.

EDS supplies 40% of Macedonian companies with more than 50 employees. Company’s annual portfolio amounts to 2 TWh of electricity, EDS’ website reads.

Greek PPC is one of the biggest electricity companies in Southeast Europe, with a market share of 85% in Greece.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Bulgarian government subsidizes businesses with EUR 51 per MWh

Bulgarian government subsidizes businesses with EUR 51 per MWh

26 October 2021 - Bulgaria’s interim government has also decided to speed-up the implementation of the aid scheme planned for next year

serbia nuclear power plant paks II aleksandar vucic

Serbia eyes minority stake in Hungarian nuclear power plant Paks II

25 October 2021 - Serbia is willing to become a minority shareholder of the nuclear power plant in the Hungarian city of Paks, the Serbian president has said.

Montenegro EPCG ready reconstruction TPP Pljevlja jump costs

Montenegro’s EPCG ready for reconstruction of TPP Pljevlja despite jump in costs

22 October 2021 - State-owned utility EPCG says the reconstruction of coal-fired TPP Pljevlja should begin soon and prevent massive imports of electricity

Spain on track to phase out nuclear, coal by 2035 energy storages

Spain on track to phase out nuclear power, coal by 2035

22 October 2021 - The phaseout of coal and nuclear power plants will be offset with a simultaneous and gradual increase in renewable power capacity