The landmark of 50% renewable energy sources in the total power potential was achieved by PPCthe first semester of the year, said the President and CEO of the company George Stassis during the information of analysts about the results of the period. In the context of the information, it announced the launch of the new equity repurchase program in the fall.
Specifically, PPC’s installed RES power reached the end of the first six months at 6.3 Gigavat (+1.6 Gigavat compared to last year) while other 3.7 gigavats are in construction phase, or in a bidding process.
The target for 2027 is for the Group’s RES to reach 11.8 Gigavats and 85 % of this target has already been secured. Earlier, at the end of 2026, complete apoliticalization will have been achieved, which will further enhance the participation of RES in the whole production potential. The PPC chief reiterated, however, that as part of the reinforcement of flexibility in production, which includes 98 megawatt batteries that have already begun to be manufactured in Ptolemais and Meliti, the addition of small natural gas units is being considered.
Concerning the repurchase of shares, Mr Stassis said that the current program is expected to be completed in September or October and the new (according to the recent decision of the General Meeting of shareholders) will begin immediately after the same terms (target of up to 10 % of the company’s shares)
Finally, for telecommunications, a sector in which PPC has been active since June and at the retail level it was emphasized that PPC’s Fiber to the Home network in Greece has reached about 1.3 million households/businesses by the end of June 2025, increasing 235% compared to June 20 and 94%. FTTH to reach 1.5 million households and businesses by the end of 2025. The retail product is currently available to 600,000 households and businesses and extends to new areas of the country.