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Five-Year Strategic and Business Plan – Eight Key Areas to Support with $ 3.9 Billion
In eight major priorities, focusing on distribution networks and RESs, it focuses on the PPC "Compbad Project" for the period 2018-2022, which will be supported by a plan of action. Investment of about 3.9 billion euros. ] Nearly 2 billion (50%) of this amount will be spent on networks and RES (respectively 31% and 22%), 23% on new lignite Ptolemaida V and 9% on investment in conservation and valorization. environmental protection of conventional production units. PPC aims to achieve an EBITDA of $ 1-1.1 billion and a net debt to EBITDA of 3x by 2022.
In particular, PPC announced today the most important strategic priorities of the new five-year strategic and operational plan. plan:
1. RES Increase of the RES contribution to the PPC energy park of about 600 MW by 2022 (mainly wind and photovoltaic). An objective is set for RES's participation in the total PPC power of 20% -25% by 2030-2035.
2. Focus on optimizing operational performance and fixed badet investments in regulated and unregulated activities, taking into account their fixed returns 3.
customers, reorganizing their brand image, setting prices and expanding core business activities by offering a wider range of energy-related products (eg, double electricity, natural gas, energy efficiency services). Intensify recovery efforts to overcome accumulated debt and prevent the creation of new ones through a long-term strategy and a series of "quick wins"
4. Mines and conventional production Launch a program of operational optimization and efficiency in mines and thermal power plants. Disinvestment of 930 MW lignite and related mines. Withdrawal of 1,212 MW by 2021. Prudent Management of Conventional Power Plants on Non-Interconnected Islands and Exploration of Conversion Opportunities for Existing Petroleum Units into Small-Scale LNG Facilities
5. λ Functions Redefining the business model of support services and exploiting synergies at the enterprise-group level. Review and manage indirect costs to third parties. Exploitation of real property of the CPP.
6. International Expansion Targeted development of new projects in international markets with competitive returns, using the capabilities and expertise of PPC
7. New Services and products Assessment of alternative growth opportunities, taking into account their required competitiveness and efficiency
8. Address key regulatory issues, such as:
– Claiming the compensation of 39 energy from the factory to support the thermal units necessary for supply security, facing challenges in terms of profitability given their attractiveness as a transitional fuel
– Reduction and abolition total progressive billing of SER suppliers
– Abolition of auctions (NAMED) at the end of the disintegration process
– D by the end of 2019 Odel – Operation of futures products with the necessary tools for coverage
– Complete recovery of public services
