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The Public Power Corporation S.A. (Greek: Δημόσια Επιχείρηση Ηλεκτρισμού A.E., romanized: Dimosia Epicheirisi Ilektrismou A.E., abbreviated PPC, ΔΕΗ or DEI [4]) is the largest electric power company in Greece. PPC acquired Enel Romania from the Italian Enel group for €1.24 billion on October 25, 2023. [5]
The PPC S.A. (ΔΕΗ) is the biggest electric power company in Greece.It owns and operates 34 major thermal and hydroelectric power plants and 3 aeolic parks of the interconnected power grid of the mainland, as well as 60 autonomous power plants located on Crete, Rhodes and other Greek islands (33 thermal, 2 hydroelectric, 18 aeolic and 5 photovoltaic parks).
The mission of this company is to undertake the tasks of the Distribution Network Operator of Greece. It is a 100% subsidiary of PPC, however, it is independent in operation and management, retaining all the independence requirements that are incorporated within the above mentioned legislative framework. [1]
The Greek Bailout Agreement in July 2015 includes the privatization of ADMIE. [6]For this purpose, ADMIE is to be split from PPC S.A., with a 51% stake to be transferred to the Greek State and a 49% stake to be sold, including a stake of at least 29% to be offered to strategic Investors.
Bank of Greece: TELL: since 1930 GRS004013009 Eurobank Ergasias Services and Holdings S.A: EUROB: since 1926 GRS323003012 National Bank of Greece: ETE: since 1905 GRS003003035 Optima bank: OPTIMA: since 2023 GRS533003000 Piraeus Financial Holdings S.A: TPEIR: since 1918 GRS014003032
Greece has 10 million barrels of proved oil reserves as of 1 January 2011. [11] Hellenic Petroleum is the country's largest oil company, followed by Motor Oil Hellas. Greece's oil production stands at 7,946 barrels per day (bbl/d), [11] ranked 90th, while it exports 1,863 bbl/d (57th) [11] and imports 496,600 bbl/d (25th). [11]
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