Konstantinos Simitsopoulos

PPC S.A.

Public Power Corporation S.A. is the biggest power producer and electricity supply company in Greece with more than 7.5 million customers. It is also the owner of the national electricity transmission system, as well as of the distribution networks. PPC S.A., holding significant assets in lignite mines, power generation, electricity transmission and distribution, is also one of the largest industrial groups in Greece in terms of assets and the leading power utility. In 2009, the total installed capacity of PPC generation plants was 12,800 MW, representing 84% of the country's total installed capacity. PPC Group of Companies' turnover for 2010 was € 5,811 million, while profit after taxes was € 557 million. At the end of 2010, PPC employed more than 21,800 people. Through its wholly-owned subsidiary PPC Renewables (PPCR), with a current installed capacity of 123 MW as well as a portfolio of 150 MW of projects under development, and a significant pipeline of new projects, PPC Group is seeking to secure a leading position in the RES sector in Greece through the development of a total capacity in excess of 1,000 MW by 2015 and total investments in excess of EUR 2 billion for the period. Founded 60 years ago, in 1950, PPC is listed on the Athens and London Stock Exchange as of December 2001.