A day after officially announcing the purchase of a domestic appliance retail chain Greece’s dominant electricity utility, the Public Power Corp. (PPC), signed a framework agreement with Athens-based Mytilineos industrial conglomerate to develop and exploit photovoltaic units of up to 2000MW in Italy, Bulgaria, Croatia and Romania.
The deal, as previously reported by ot.gr, is billed as valued at two billion euros, with an implementation horizon of three years.
Broken down, the agreement cites roughly 90 photovoltaic units (solar parks) possessed by Mytilineos in Italy (503 MW), Romania (516MW), Bulgaria (500 MW) and Croatia (445 MW), with the latter at various stages of development.
Upon completion of the solar parks and their connection with the grids in the respective countries, the units will be acquired by ATHEX-listed PPC.
The agreement comes days after PPC announced FY23 results showing a return to profitability, with EBITDA at 1.5 billion euros (pro forma) and a subsequent proposal by the state-run utility’s board for a 0.25-euro per share dividend.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
![Χειμερινή εξοχική κατοικία: Οι Ελληνες γυρνούν την πλάτη παρά την πτώση των τιμών [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/12/Capture-19-90x90.jpg)
