Greek power utility Public Power Corp. (PPC) said on Tuesday it was buying an e-mobility services startup to help upgrade its expanding network of charging stations for electric vehicles. The startup, called Carge, has developed a mobile application that allows electric vehicles drivers to find the quickest route to a charging station in Greece.
Greek electricity utility Public Power Corp. (PPC) said on Thursday it had agreed to buy the renewable energy portfolio of Volterra, a fully-owned unit of construction group Avax. PPC said the value of the deal corresponds to an enterprise value of 133 million euros ($141.72 million) and is subject to regulatory approvals. "PPC Renewables gets a significant portfolio of renewable energy sources of more than 110 Megawatts, which helps increase its own portfolio and its differentiation through the addition of wind parks," a PPC official said, declining to be named.
Greece’s biggest power utility Public Power Corp. (PPC) reported on Thursday a 24.6% drop in core profit for the first quarter due to higher spending for gas purchases and to offset carbon emissions. PPC said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 170 million euros ($182.22 million) in the three months to March, down from 225.6 million euros in the same quarter last year. Those discounts came in at 358 million euros in the first quarter, PPC said.