PPC – Enters the production of electricity from waste

Investments in the circular economy and the acquisition of RES projects in Balkan countries stand out from PPC’s ambitious investment program of 9.3 billion euros in the period 2022 – 2026.

The company, in fact, as it notes in the newsletter for the share capital increase, which actually started today with the opening of the book of offers, intends the 1.350 billion euros that it will raise to finance part of the investments of the three years 2022-2024 amounting to 5 billion euros. The company’s strategic plan also includes capital expenditures of 1.7 billion euros in conventional production. Among its plans is the entry into electricity generation with raw material from waste sorting.

According to information from the Local Government, the PPC management is preparing plans for the utilization of old power plants, either lignite, which will be shut down or others that are many years old, in the national strategy for waste management. The public company is in an advantageous position over its other competitors given that it has power stations which are also connected to the grid. The raw material that will be used, according to sources in the Local Government, will come from the stage of sorting and processing of waste and it is the secondary fuel RDF or SRF. The technologies that have been developed for such units do not exacerbate the environmental burden and in fact in Northern Europe or even Asia they are located even in urban centers.

The PPC plan will depend entirely on the degree of implementation of the government plan for waste management. This is noted by sources and according to them, the company aims to take advantage of the investment opportunities arising from the circular economy, provided of course that it walks

The exit to the Balkans

In the newsletter, PPC also analyzes the part of its strategic plan regarding its activity in Balkan countries and in Southeastern Europe as a whole.

16% of its investment plan is oriented towards the utilization of investment opportunities in RES in the neighborhood of Greece.

From 9.3 billion. euros of total investments in the period 2022-2026, the 6 billion. intends to make them available in the next three years. Of these, 3.2 billion. Euros (55%) will go for the development of RES projects so that by 2024 it has “green” energy with a total capacity of 7.2 GW. For the period 2022-2026 it budgets almost 2 billion. for acquisitions of RES portfolios abroad. Of these, 820 million euros in the three years 2022-2024 and 1.11 billion. euro in the period 2024 – 2026. Emphasis is placed on the Balkan countries and especially on the developing markets of Bulgaria and Romania.

To this end, the company seeks to guide the effort to reduce electricity imports.