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Public Power Corporation
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Public Power Corporation
The Public Power Corporation S.A. (Greek: Δημόσια Επιχείρηση Ηλεκτρισμού A.E., romanized: Dimosia Epicheirisi Ilektrismou A.E., abbreviated PPC, ΔΕΗ or DEI) is the largest electric power company in Greece. PPC acquired Enel Romania from the Italian Enel group for €1.24 billion on October 25, 2023.
PPC was founded by the Greek government in 1950. Its main purpose was to plan and apply a national energy policy which, through the exploitation of the domestic products and resources, would distribute cheap electric power to all Greek citizens. PPC started the integration of all the small local grids to the national interconnected grid. Furthermore, the corporation resolved the purchase of all the small private and local electric power production units.
Today, PPC Group consists of 5 subsidiary companies in Greece PPC S.A., the Hellenic Electricity Distribution Network Operator (HEDNO or DEDDIE) S.A., PPC RENEWABLES S.A., PPC Fibegrip and Kotsovolos. Also PPC Group consists of 3 subsidiary companies in Romania PPC Romania, Retele Electrice and PPC Renewables Romania. Even if HEDNO S.A. (the Greek DSO) is owned by PPC, HEDNO S.A. operates independently according to L.4001/2011 and in compliance with 2009/72/EC EU Directive relative to the electricity market organization.
In 2001, PPC carried out a share flotation on the Athens Stock Exchange and consequently was no longer wholly owned by the government, although it was still controlled by it with a 51.1% stake until 2021.[citation needed]
In June 2011, the Greek government announced it would sell 17% of its share of PPC to meet conditions of EU/ECB/IMF loan package. The workers of PPC responded by limited power cuts to selected towns across Greece. However, the Tsipras Government decided to suspend the privatisation of PPC as one of its first anti-austerity measures.
On 16 November 2021, the company completed a share capital increase that the Greek government as a shareholder chose not participate in. As a result, the Greek government's shareholding decreased from 51.12% to 34.12%, which is currently held by the country sovereign wealth fund, the Hellenic Corporation of Assets and Participations (HCAP). On 3 March 2022, CVC Capital Partners acquired 10% of the company's shareholding.
The company’s shares are traded in the «Large Cap» category of the Athens Stock Exchange (ATHEX), while in the London Stock Exchange they are traded in the form of global depository receipts (GDRs).
The company’s shareholding structure as of 30 June 2025 was as follows:
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Public Power Corporation
The Public Power Corporation S.A. (Greek: Δημόσια Επιχείρηση Ηλεκτρισμού A.E., romanized: Dimosia Epicheirisi Ilektrismou A.E., abbreviated PPC, ΔΕΗ or DEI) is the largest electric power company in Greece. PPC acquired Enel Romania from the Italian Enel group for €1.24 billion on October 25, 2023.
PPC was founded by the Greek government in 1950. Its main purpose was to plan and apply a national energy policy which, through the exploitation of the domestic products and resources, would distribute cheap electric power to all Greek citizens. PPC started the integration of all the small local grids to the national interconnected grid. Furthermore, the corporation resolved the purchase of all the small private and local electric power production units.
Today, PPC Group consists of 5 subsidiary companies in Greece PPC S.A., the Hellenic Electricity Distribution Network Operator (HEDNO or DEDDIE) S.A., PPC RENEWABLES S.A., PPC Fibegrip and Kotsovolos. Also PPC Group consists of 3 subsidiary companies in Romania PPC Romania, Retele Electrice and PPC Renewables Romania. Even if HEDNO S.A. (the Greek DSO) is owned by PPC, HEDNO S.A. operates independently according to L.4001/2011 and in compliance with 2009/72/EC EU Directive relative to the electricity market organization.
In 2001, PPC carried out a share flotation on the Athens Stock Exchange and consequently was no longer wholly owned by the government, although it was still controlled by it with a 51.1% stake until 2021.[citation needed]
In June 2011, the Greek government announced it would sell 17% of its share of PPC to meet conditions of EU/ECB/IMF loan package. The workers of PPC responded by limited power cuts to selected towns across Greece. However, the Tsipras Government decided to suspend the privatisation of PPC as one of its first anti-austerity measures.
On 16 November 2021, the company completed a share capital increase that the Greek government as a shareholder chose not participate in. As a result, the Greek government's shareholding decreased from 51.12% to 34.12%, which is currently held by the country sovereign wealth fund, the Hellenic Corporation of Assets and Participations (HCAP). On 3 March 2022, CVC Capital Partners acquired 10% of the company's shareholding.
The company’s shares are traded in the «Large Cap» category of the Athens Stock Exchange (ATHEX), while in the London Stock Exchange they are traded in the form of global depository receipts (GDRs).
The company’s shareholding structure as of 30 June 2025 was as follows:
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