Increased total investments made by the main power utility PPC in 2018 have been mainly attributed to company spending on the construction of the Ptolemaida V power station as well as network distribution development, spending on which struck a three-year high, company data has shown.
PPC’s net amount invested for infrastructure development and upgrades in 2018 reached 684.8 million euros, up from 355.1 million euros in 2017 and just below the 687.8 million-euro amount registered for 2016, company data has shown.
Investments for distribution networks continued to rise, reaching 106.7 million euros in 2018 from 85.4 million in 2017 and 73.5 million in 2016.
Investment activity on mines has fallen considerably over the past three years, to 67.8 million euros in 2018 from 83.8 million euros in 2017 and 225.7 million euros in 2016.
On the contrary, investments in renewable energy rose to 53.5 million euros in 2018 from just 1.5 million euros in 2017.