The Public Power Corporation S.A. is the biggest electric power company in Greece. It is controlled by the Greek government, which owns a majority of the issued shares (51,12%).

Renewable energy

In 1982, PPC developed the first Wind Farm in the world, combined with a Photo-voltaic Station to supply electricity to the isolated power system of the island of Kythnos.

The PPC has committed to buying renewable-source energy from independent producers at five times its selling rate until 2034.

Legislation before Parliament in 2013-14 included making the PPC responsible for collection of the real estate tax, part of the EU/IMF/ECB requirements for the financial support of the economy.

Power plans

The 34 major thermal and hydroelectric power plants and the 3 wind farms of the interconnected power grid of the mainland, as well as the 60 autonomous power plants located on Crete, Rhodes and other Greek islands (33 thermal, 2 hydroelectric, 18 wind energy and 5 photovoltaic parks) form PPC’s industrial assets and constitute the energy basis of all financial activities of the country.

The total installed capacity of the 97 PPC’s power plants is currently 12,760 MW with a net generation of 53.9 TWh in 2007.