Public Power Corp. (PPC), Greece’s dominant electricity producer and provider, on Thursday announced recurring EBITDA of 590 million euros in its first half 2023 results.
Additionally, the group – previously the wholly state-owned and run power utility in the east Mediterranean country – cited increased capital expenditures (Capex) by 83 percent, to 448 million euros compared to 244 million euros in H1 2022 for its distribution network and RES projects as well as what it said was a new natural gas unit.
Net profits of 181.5 million euros were recorded for the first half of the year, compared to net losses of 11.1 million euros in the same period of 2022
In a press release, the ATHEX-listed power provider said 669MW of RES projects in operations/construction have been completed.
Additionally, the company boasted that more than 1,600 public chargers in the e-mobility sector have been installed via its “DEI Blue” initiative.
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