In raising funds through PMC height EUR 4 billion through full marketed offer to finance the new Strategic Plan 2030 progresses the Group PPC.
The new Strategic Plan 2030 concerns the exploitation of development opportunities through an investment plan of some €24 billion. PPC aims at almost doubling its installed power to 24.3 GW in 2030, aiming at net annual additions of 2.4 GW power mainly through investments in renewable energy sources, flexible production and storage. According to the company, the aim is to expand internationally with significant investment in new high-growth markets in Central and Southeast Europe. At the same time, the implementation of the Data Center Kozani – Phase I begins with a target of 300 MW in operation by the end of 2028.
In the context of the MFF, priority will be given to the participation of existing shareholders, while a target remains for EBITDA around €4.6 billion by 2030, double net profits by 2028 and triple by 2030, the company confirms the commitment to dividend €1,20 per share in 2028 and new commitment to increase in €1.40 per share by 2030.
In detail the announcement:
The Public Power Corporation S.A. («PPC» or «Company», and together with its subsidiaries «PPC Group») announces its intention to raise capital through an increase in its share capital ( «Share capital increase») by approximately €4 billion in the bid book procedure for determining the disposal price of issued shares ( «New Shares»In order to finance the new Strategic Plan 2030 of the PPC Group (the «Strategic Plan»). New Shares are proposed to be made available by public tender in Greece ( «Public Offer») and private placement in institutional investors outside Greece (h «International Offer», and together with the Public Offer «Combined Offer»). The Increase in Equity Capital is proposed to be done by excluding the right to fully marketed offering, however, a priority allocation mechanism is provided for the disposal of New Shares to existing shareholders of the Company to participate in the Combined Offer. In particular, the priority allocation to the Public Offer is proposed not to exceed the percentage of the existing shareholders' participation in the Company's share capital (based on the electronic records of EL.K.A.T. S.A.), at the record date to be determined by the Board of Directors, so that, under certain conditions, those shareholders retain at least the same percentage of participation in the Company after the Share Capital Increase. The Company, at its sole discretion, may apply
The Public Power Corporation S.A. («PPC» or «Company», and together with its subsidiaries «PPC Group») announces its intention to raise capital through an increase in its share capital ( «Share capital increase») by approximately €4 billion in the bid book procedure for determining the disposal price of issued shares ( «New Shares»In order to finance the new Strategic Plan 2030 of the PPC Group (the «Strategic Plan»). New Shares are proposed to be made available by public tender in Greece ( «Public Offer») and private placement in institutional investors outside Greece (h «International Offer», and together with the Public Offer «Combined Offer»). The Increase in Equity Capital is proposed to be done by excluding the right to fully marketed offering, however, a priority allocation mechanism is provided for the disposal of New Shares to existing shareholders of the Company to participate in the Combined Offer. In particular, the priority allocation to the Public Offer is proposed not to exceed the percentage of the existing shareholders' participation in the Company's share capital (based on the electronic records of EL.K.A.T. S.A.), at the record date to be determined by the Board of Directors, so that, under certain conditions, those shareholders retain at least the same percentage of participation in the Company after the Share Capital Increase. The Company, at its sole discretion, may apply
The Share Capital Increase will contribute to the financing of the Company's Strategic Plan, aiming at: (i) the acceleration of investments in its main geographic markets, (ii) the development of its international presence, (iii) investment in additional sectors that the Company considers strategic or complementary to its main activities, and (iv) the maintenance of flexibility for further development opportunities in the energy and technology sectors. The Share Capital Increase will also strengthen the Company's strategic and operational flexibility through a more efficient and sustainable capital structure.
In the rapidly developing region of Central and Southeast Europe («CNA»PPC has identified important factors that create investment opportunities in the region. These include:
• energy closeness, which can lead to higher capital returns;
• decommissioning a significant number of thermal units, which creates a huge opportunity to develop large-scale alternative forms of production,
• the lack of interconnections between the region and the rest of Europe, which will continue to maintain wholesale prices at higher levels;
• Ukraine’s contribution to the region’s energy closeness, having been converted from an energy exporting country to an energy importing country,
• the demand for electricity in the region planned to increase significantly over the next decade, due to greater GDP growth than in Western Europe, onshoring policies, increasing electricity, the creation of new Data Centers, as well as investment financed by the European Union.
To take advantage of these opportunities, PPC Group accelerates its development in the wider area, investing in KNAE energy systems and infrastructure for Data Centers. PPC Group aims to double installed power to 24.3 GW in 2030, from 12.4 GW in 2025, significantly increasing new additions per year from 1.4 GW to 2.4 GW, investing in renewable energy systems («RES»), flexible production and storage.
In particular:
• In Greece, PPC aims to add 5 GW by 2030, with the total installed power increasing to 13,3 GW, despite full delignitization, which will be completed in 2026, and the closure of 40% of oil energy production in the Greek islands.
• In Romania, the PPC Group aims to triple the installed power between 2025 and 2030 to reach 5.3 GW, through investments in RES, storage, new gas plants and bakers.
• In the other countries where PPC Group recently acquired presence, namely Italy, Bulgaria and Croatia, PPC Group aims to increase its investment plan significantly, mainly through the construction of RES and storage units, as well as natural gas units, with the aim that installed power reaches 3.5 GW by 2030.
• In the wider area of the CNA, the Strategic Plan aims to enter new countries, namely Hungary, Poland and Slovakia, through both organic development and acquisitions, with a target of 2.2 GW installed power in RES and storage by 2030.
By 2030, the PPC Group's goal is 45% of the installed power to be outside Greece, while the energy mix will include all modern forms of electricity production (solar, wind, hydroelectric, natural gas, storage), diversifying the company's portfolio both geographically and technologically.
The Strategic Plan includes the development of a Data Center 300 MW in the former lignite region of Kozani in Northern Greece, as the Company is in confidential ongoing negotiations with leading hyperscale providers (hyperscalers), with construction expected to start in 2026 and PPC's relevant capital costs amounting to €1.2 billion.
The main financial objectives of the Strategic Plan are:
• EBITDA in €4.6 billion in 2030 from €2.0 billion in 2025,
• Net gains that are more than tripled in €1.5 billion in 2030 from €0.45 billion in 2025, and
• Share per share €1.4 to 2030 €0.4 in 2024, with an average annual growth rate (CAGR) of around 24%.
According to the Strategic Plan, PPC Group's capital expenditure between 2026 and 2030 is projected to rise to €24.2 billion, of which 95% is allocated to development projects and 48% outside Greece, thereby ensuring risk diversification. As regards financing, 54% of capital expenditure is planned to be financed through operational cash flows, 31% by increasing net lending, while the Share Capital Increase is expected to finance 15% of capital expenditure. The equity increase is also intended to ensure that the Net Debt/EBITDA ratio remains significantly below the 3.5x threshold, in compliance with the Group's financial commitments (covenants) as part of its existing lending.
Meeting of the Extraordinary General Assembly and indicative timetable
The Board of Directors of PPC S.A. decided today to convene an Extraordinary General Meeting to take a decision on the proposal of the Board of Directors to be authorised by the Extraordinary General Assembly pursuant to Article 24 of Law 4548/2018 and the Statute of the Company to decide, in respect of the Share Capital Increase, the abolition of the rights of preference of existing shareholders pursuant to Article 27(1) of Law 4548/2018, how New Shareholders are disposed of and their introduction to the Euronext Athens Stock Exchange.
Extraordinary General Assembly has been convened to meet on 14 May 2026. Subject to the approval of shareholders regarding the Share Capital Increase, the Share Capital Increase is expected to begin and end at the end of May.
Citigroup Global Markets Europe AG and Goldman Sachs Bank Europe SE act as International Coordinators and Master Managers of the Book of Tenders exclusively in relation to the International Offer.
The Chairman and CEO of PPC Group, George Stassis, said:
«PPC Group passes to its next major development chapter and increases its category, taking advantage of the opportunities that exist in Central and Southeastern Europe. We clearly see the need of the wider region for more, cleaner and flexible energy production and are determined to meet this need. We build on the healthy financial bases that we have created in recent years and our up to date expansion outside Greece. At the same time, we are actively developing a 300 MW Data Center in the former lignite region of Kozani in Greece, which will exploit local energy production and create new economic value for the region. The Share capital increase will ensure that the Net Debt/EBITDA ratio remains significantly below the limit of the PPC Group's 3.5x and will also provide the possibility of taking advantage of attractive opportunities. With a prudent and at the same time visionary strategy, we choose to invest today to fill the emerging gap and contribute decisively to the energy security and development of Central and Southeastern Europe».
Ministry: Public will participate in PPC's share capital increase
The Greek State's decision to participate in PPC's share capital increase announced by the Ministry of National Economy and Finance.
As quoted in a relevant communication, «Following the announcement of 23 April 2026 on the proposed increase in share capital of Public Power Corporation S.A., the Government strongly supports the management's strategic plan to accelerate the transformation of the company and strengthen its development role.
PPC has evolved into a modern, integrated energy group with a decisive contribution to the economy and energy transition. Investment in production, networks and services enhance competitiveness and ensure reliable and affordable energy for citizens and businesses.
In an environment of increased uncertainty, energy is a matter of security and strategic autonomy. The strengthening of PPC is a strategic choice for the country.
Το Υπουργείο Εθνικής Οικονομίας και Οικονομικών καθιστά σαφές ότι η διατήρηση ισχυρής και αυξημένης συμμετοχής του Δημοσίου στη ΔΕΗ αποτελεί κεντρική πολιτική επιλογή, με στόχο την προστασία του δημόσιου συμφέροντος και τη δημιουργία μακροπρόθεσμης αξίας.
Στο πλαίσιο αυτό, η Κυβέρνηση ανακοινώνει την πρόθεσή της να συμμετάσχει στην αύξηση μετοχικού κεφαλαίου, ώστε να διατηρήσει, άμεσα ή έμμεσα, ποσοστό 33,4% στη ΔΕΗ.
Η απόφαση αυτή εντάσσεται σε μια σαφή στρατηγική. Ενισχύουμε τις επενδύσεις, διαμορφώνουμε μεγαλύτερες και ισχυρότερες ελληνικές επιχειρήσεις και επιταχύνουμε τη μετάβαση σε μια πιο εξωστρεφή Ελλάδα, με εταιρείες που ανταγωνίζονται διεθνώς και στηρίζουν με συνέπεια και διάρκεια την ανάπτυξη της οικονομίας» τονίζει στην ανακοίνωσή του το ΥΠΕΘΟΟ.
Source: Newmoney. gr
