Greek PPC plans EUR 3 bln investments in Romania

PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net. The plans include a "peaker" gas-fired power plant with a capacity of 80-150 MW, which the Greeks could use to balance renewable production, when necessary.

PPC's plan for the next three years foresees investments worth approximately EUR 10.1 billion in renewable energy, flexible generation, network expansion and modernization, as well as customer-centric services in the South-Eastern Europe area, according to the company's presentations.