Public Power Corporation of Greece
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| Type | Anonymi Etairia |
|---|---|
| Traded as | Athex: PPC |
| Industry | Utilities, energy |
| Founded | 1950 |
| Headquarters | Athens, Greece |
| Key people | Arthouros Zervos (Chairman and CEO) |
| Products | Lignite mining, electricity generation, transmission and distribution |
| Revenue | €5.811 billion (2010)[1] |
| Profit | €557.9 million (2010)[1] |
| Total assets | €16.20 billion (end 2010)[1] |
| Total equity | €6.770 billion (end 2010)[1] |
| Employees | 21,845 (end 2010)[1] |
| Website | www.dei.gr |
The Public Power Corporation S.A. (Greek: Δημόσια Επιχείρηση Ηλεκτρισμού; DEH) is the biggest electric power company in Greece. It is controlled to an extent by the government, and it produces and supplies electricity to all the country.
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[edit] History
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 the 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.
[edit] Economy
In 2001, PPC issued stock and is no more wholly owned by the government, although it is still controlled by it with a 51.1% stake.
In June 2011, the Greek government announced to sell 17% of its share of PPC to meet conditions of loan package. The workers of PPC responded by limited power cuts to selected towns across Greece.[2]
[edit] Monopoly
- RAE (Ρυθμιστική Αρχή Ενέργειας, the "Energy Regulatory Authority" of Greece) is the country's independent, supervising authority on matters of energy sufficiency, market regulation and monopoly supervision. RAE is the regulator for all energy-producing entities, public and private, and exercises price control and top-level grid management.
- Privately owned energy producers are deploying their facilities exclusively from renewable energy sources, as wind and solar power. These vary from large-scale local-authority or privately owned wind farms and photovoltaic installations, to small-scale PV units installed on building roofs. Integration of these producers within the National Grid is implemented by PPC and supervised by RAE. The PPC has committed to buying renewable-source energy at five times its selling rate until 2034, thus offering a powerful incentive to shift the country's energy sources to low carbon footprint alternatives. Small (e.g. home roof) producers of less than 10 kiloWatt power are exempt from taxation and receive their compensation via crediting their monthly electrical utility bill. It is estimated that the average detached home in Greece, if fully installed with roof photovoltaics, can earn about 5,000 euros yearly, on top of enjoying free electricity.
[edit] Power plants
PPC ensures the energy efficiency of the country through its vast projects.
The 34 major thermal and hydroelectric power plants and the 3 wind farms of the interconnected power grid of the mainland, as well as the 60 autonomous power plants located on Crete, Rhodes and other Greek islands (33 thermal, 2 hydroelectric, 18 aeolic and 5 photovoltaic parks) form PPC's industrial colossus and constitute the energy basis of all financial activities of the country.
The total installed capacity of the 97 PPC's power plants is currently 12,760 MW with a net generation of 53.9 TWh in 2007.
[edit] Carbon intensity
| year | Production (TWh) | Emission (Gt CO2) | kg CO2/MWh |
|---|---|---|---|
| 2002 | 49 | 51.35 | 1050 |
| 2003 | 52 | 52.41 | 1004 |
| 2004 | 53 | 53.29 | 1015 |
| 2005 | 53 | 52.59 | 994 |
| 2006 | 52 | 50.48 | 969 |
| 2007 | 54 | 53.04 | 984 |
| 2008 | 52 | 52.2 | 996 |
| 2009 | 50 | 49.7 | 992 |
[edit] Mining areas
Other than the monopoly in electric energy, PPC has mining areas within power plants. The power plants produce electricity and power from lignite, other plants use coal. The largest mining areas are located between Kozani and Ptolemaida, around Amyntaio in the Florina prefecture and around Megalopolis..
[edit] Transformers
The Kalamata - Pyrgos - Patras Line is a line runs near Pyrgos, west of Amaliada, east of Gastouni, 1.5 km west of Lechaina and encircles to the north, the southern part of the plain and connecting with another line connecting from Megalopoli. This power line has several power stations including Pyrgos, Amaliada, Lechaina, Varda and Lappa. The power line has several branches including a 5 km long line to near Lappa. The line linking Kavasila and Zante passes near Kavasila, about 1 km south of Dimitra, south of Kastro, north of Loutra Kyllinis and into the island of Zante. Most of the line is underwater.
Other lines includes Patras - Corinth - Athens, and Pyrgos - Megalopoli.
Lines from Megalopoli link to Pyrgos, Kalamata and Tripoli.
[edit] References
- ^ a b c d e "Annual Report 2010". Public Power Corporation. http://www.dei.gr/Images/ENG%20REPORT%202010%20FINAL.pdf. Retrieved 5 May 2011.
- ^ Strike Forces Power Cuts in Greece
[edit] External links
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