Power utility PPC is expected to soon announce two MoUs signed with private-sector companies for collaboration in the nascent electric vehicles market, a domain the utility is looking to dominate in the years ahead.

The power utility’s MoUs, believed to have been signed with Greek companies, concern recharging station installations and a range of electric vehicle services, as foreseen in a PPC business plan presented last December.

According to the plan, PPC intends to install 1,000 recharging stations around Greece over the next two to three years as well as a further 10,000 stations in the medium term.

The company is now assembling a new electric vehicles division in the lead-up to its latest business endeavor.

PPC’s wider plan could even entail collaboration with a specialized partner for production of electric vehicle parts at new plants in west Macedonia and Megalopoli, both lignite-dependent local economies in the country’s north and the Peloponnese, respectively, now being decarbonized.

A related draft bill being prepared by the government will feature incentives for the establishment of new production units at these locations.

Prime Minister Kyriakos Mitsotakis is scheduled to present the government’s ambitious plan for electric vehicle market growth this Friday. The development of a recharging network is crucial for this plan.