Power utility PPC plans to unveil its new and revised business plan, covering 2023 to 2027, at its capital markets day, scheduled for November, following the completion of the energy group’s takeover of Italian group ENEL’s Romanian subsidiary ENEL Romania.

PPC’s new business plan is expected to include investments that exceed the existing 2022-to-2026 plan’s 9 billion-euro sum. The precise figure is expected to be decided on by PPC’s administration in October, once all details of the company’s takeover of ENEL Romania have been completed.

The main focus of PPC’s new business plan will be on renewables and the retail electricity market. PPC has made clear its interest to acquire a company with an extensive retail presence. Appliance retail chain Kotsovolos, a member of the Currys group, is one possibility. Kotsovolos is represented by 93 outlets around Greece.

PPC officials met recently with members of the Romanian government to discuss the ENEL Romania takeover’s completion, expected by the end of September.

The power utility is determined to include this addition in its updated business plan as the move promises to boost the company’s financial figures and facilitate new goals for the Greek and, primarily, Balkan markets.

According to sources, PPC’s five-year business plan from 2023 to 2027 will exceed 1.9 billion euros per year.