The three priorities of the semester for Hellenic Petroleum

During the last half of the year, the CEO of the listed company set three priorities for the ELPE group.

Speaking during the annual regular general meeting of shareholders, Andreas Siamisis listed:

1. The completion of the changes of corporate governance with a milestone of the deadline of July 16 for the incorporation of the changes provided by the legislation. The CEO defended the changes proposed by the Board. and the decisions of the shareholders saying that “after a quarter of a century that the ELPE has been in operation, the changes had to be made. They will have only positive results in the operation of the group “.

2. The launch of the strategic transformation plan “VISION 2025” of the group with horizons of five years and ten years. Investments of 3.5-4 billion euros are envisaged with the aim of reducing by 50% the emissions of gaseous pollutants by 2030 and the entry of the new energy sectors listed in new activities.

3. Development in new energy, such as energy storage, hydrogen, RES and gas power generation. According to the CEO, the reduction of the carbon footprint is a one-way street, given the increase in the prices of CO2 emission rights, which burdens ELPE and other related industrial activities with hundreds of millions of euros. Mr. Siamisis at this point also referred to the emblematic work of EL.PE which is the construction of a large photovoltaic park with a capacity of 204 MW in Kozani and its completion and operation at the end of 2020 and early 2021.

On his part, the president of the group of EL.PE Giannis Papathanassiou set as a goal the consolidation of the leading position that the company has in Southeast Europe but also the guidance of the changes that take place in the context of the “green” and energy transition: “ELPE is being transformed having VISION 2025 as a beacon with an investment program of 4 billion euros”, the president of ELPE said characteristically .

The annual general meeting of shareholders, among other things, approved the decision of the board of directors for the distribution of a dividend of 0.10 euros per share and a total amount of over 30 million euros. The start date for the payment of the dividend was set for July 12, 2021.