PPC S.A. (Greece)

A EUR 160 million corporate loan was provided by BSTDB to the Greek Public Power Corporation S.A. (PPC) for financing the company’s capital expenditure program, comprising a large number of medium and low voltage electricity distribution schemes, including a 7,327 km new medium and low voltage network and automation components for the reinforcement and modernization of the electricity distribution network through peninsular and insular Greece.

BSTDB’s financing is expected to have multiple benefits for the Greek economy and the energy sector in particular, by improving the country’s energy mix and infrastructure. It will assist in restoring Greece’s economic growth by generating tax revenues, creating new jobs and boosting confidence in a vital sector of the economy.

The operation marks the beginning of a valuable cooperation between BSTDB and PPC, the biggest power producer and electricity supply company in Greece with approximately 7 million customers.