PUBLIC POWER CORPORATION S.A. - Energy & Utilities
ABOUT GEORGIOS STASSIS
Mr. Stassis has more than 17 years of experience in the energy market.
He has held important positions in various organizations and associations within the energy sector in Greece and the southeast Europe, and within all parts of a utility value chain (generation, distribution, supply).
Previously worked for ENEL SpA, as President & CEO of Enel Romania SrL., the largest vertical integrated energy company in Romania, and before as head of Green Power for Eastern Europe and
Mr. Stassis holds a bachelor’s degree in Civil Engineering and a master’s degree in Management in Construction and Structural Design from Kingston University (UK) and has attended Executive Courses at Harvard Business School (US) and at Elis Academy (Italy).
ABOUT PUBLIC POWER CORPORATION S.A.
PPC is the leading power generation and supply company in Greece engaged in the generation, distribution and sale of electricity to consumers. It is the largest power supplier in Greece with 5.6 million customers all over the country.
It is the largest power generation company in Greece with a total capacity of 11.1 GW including thermal, hydro and RES power plants. HEDNO S.A., its 51% subsidiary, is the owner and operator of the electricity distribution network of Greece with a Regulated Asset Base of c. Û 3 bn.
PPC was established in 1950 and has been listed on the Athens Stock Exchange since 2001.
For 70 years PPC has been a driving force for the development of our national economy. Its establishment, in August 1950, came to change the image of the energy landscape of Greece through the implementation of a particularly crucial national project, the electrification of the country. Today, it pioneers and leads the energy transition, through its transformation and its new strategic plan, in full alignment with the ambitious 2050 climate neutrality goals of the European Union and Greece.
PPC is changing in the direction of the energy transformation that is taking place worldwide in the industry, with the aim of playing again a leading role in the Greek market and Southeastern Europe. It is entering a new phase in which it plans to transform itself into a modern, strongly outward-looking and efficient European energy supply company.
PPC is redefining itself in order to respond to the challenges of the energy transition through the implementation of its strategic priorities.
The transformation of PPC is based on 3 pillars through which the company’s business plan for the coming years will be implemented:
Implementation of the ‘Green deal’
in electricity generation by accelerating the decommissioning of lignite power plants and the corresponding mines and highlighting RES as the new dominant energy generation technology. The detailed decommissioning plan includes the removal of polluting lignite plants with a capacity of approximately 3.4 GW by 2023 and in parallel significant investments in RES, aiming at an additional installed capacity of more than 1.5 GW.
Digitization and operational efficiency
to achieve cost reduction synergies and revenue growth by applying new technologies in all PPC’s sectors. The company’s digital transformation plan includes network upgrades, with tools such as smart meters, automated switches, GIS systems
Expansion to new activities and value-added products
with a customer-oriented approach both in the retail electricity market and in new business sectors, such as e-mobility. The transformation of the Commercial Operations includes new combined products and flexible packages, as well as high level energy services, following the example of modern electricity suppliers worldwide.