Public Power Corp. (PPC), Greece’s dominant power utility, will, by all accounts, proceed with the issuance of a 700-million-euro bond issue in the coming days, according to a report on Thursday by ot.gr

Sources said ATHEX-listed PPC is seeking to cover a major portion of financing needed for its strategic investment plan, billed as reaching 10.1 billion euros over the 2025-2027 period, with the specific bond issue. The majority, 51%, will be invested in renewable energy sources. In terms of the geographical distribution, 62% of investments concern Greece, 30% Romania, and the remaining 8% other international activities of the PPC Group.

The previous bond issue

PPC’s last bond issue debuted in October 2024, when the company raised 500 million euros from offered bids reaching 600 million euros.

The interest rate was set at 4.625%, while according to the same reports, the Group is seeking an interest rate range of 4% -5% with the upcoming bond issue.

Data Centers

At the forefront of partially state-owned PPC Group’s investment program is creating and boosting power production in the western Macedonia province of northwest Greece to meet the energy demands of proposed data centers.

Specific projects, all together valued at 5.75 billion euros, includes a 350 MW natural gas plant, 1.3 GW of photovoltaics, 300 MW of storage facilities, two pumped storage plants with capacities of 320 MW and 240 MW, and a 300 MW data center.