[ad_1]
McKinsey's plan for McKinsey last February, revealed by "K" four months later, left the tragic finding that PPC is an unsustainable business, and conversely, he proposed a operating profit improvement of 500 million euros by implementing six specific actions.
A general overview of the strategic actions of the investment plan for the period 2018-2022, developed with the contribution of McKinsey, presented yesterday to the PPC board of directors the management of the company , cleverly hiding the elements likely to cause political unrest but also a disruption in the company, such as the increase of tariffs and the reduction of the staff thanks to a courageous exit program. These actions were presented in February to the Board. and includes the McKinsey study revealed by "K" in a related publication (May 13, 2018). The strategic directions of the new PPC investment plan were presented by the corporate management and McKinsey representatives to the Board of Directors with general references, while issues were raised regarding implementing actions that will improve the EBIDTA to fairness, which is the main purpose of the investment plan, the answer was that at this point it There is nothing to report and the measures will be announced as soon as their specialization is completed
It is recalled that the project submitted to McCinsey by PPC last February and revealed by K four months later began with the finding The tragic fact that PPC is an unsustainable business and conversely, it proposed an improvement in operating income of 500 million euros with the implementation of six specific actions, including a voluntary exit program of 2 00 0 and a price increase, from the gradual reduction of discounts currently offered by PPC and the imposition or increases in specific customer categories
The presentation yesterday of the eight most significant strategic actions of the new business plan does not include any specific measures. However, it refers to the implementation of "specific actions at the operational and regulatory level" through which, in combination with the pursuit of the 8 strategic priorities of the bussines plan, which also made a general reference yesterday, PPC aims profitability (EBITDA), 1 billion euros and net debt to EBITDA from 3 to 2022. The strategic priorities for the five-year period 2018-2023 are supported by an investment plan of approximately 3.9%. billion euros, of which 50% is allocated to the networks and RES (31% in the networks, 22% in the RES), 23% in the new unit of Megalopolis lignite and 9% in the investments of conservation and environmental valuation of conventional production units
The main pillar of the new CPP investment plan is the renewable energy sector. their participation of 600 MW by 2022, mainly in wind and photovoltaic. The goal is to increase SER's participation in the total PPC power to 20% -25% up to 2030-2035. Priorities are the optimization of fixed operational performance, the start of operational optimization and efficiency of mines and thermal power plants, and the redefinition of support services support model to exploit the synergies at the level of the company and the group. For thermal units, in addition to the 930 MW disintegration currently underway, a withdrawal of 1,212 MW by 2021 and careful management of the stations on the non-interconnected islands is expected, exploring the potential for conversion. Existing units in small units. LNG Fuel Units
The main priority is also the intensification of recovery efforts and settlement to tackle accumulated debts and prevent the creation of new ones. With respect to its retail operations, the new design provides for a redeployment of its customer-centric strategy, focusing on the retention of priority customer segments, branding, pricing and pricing. the expansion of its core business offering a wider range of energy services and products. The new design is complemented by international expansion with the development of targeted project and extension to new services and products
[ad_2]
Source link
