fiber optics

PPC to present ambitious business plan at London event

Posted on by admin

Power utility PPC is currently adding final touches to a new and highly ambitious four-year business plan scheduled to be announced January 23 in London, at a Capital Markets Day event, before an audience of international analysts and institutional investors.

They will be expecting news from PPC’s leadership on the energy group’s priorities abroad, including its next big steps planned for the Balkans; a retail energy expansion plan through the group’s fully-owned Kotsovolos electrical and electronics retail chain, a leading force in the Greek market; as well as news on the company’s plans for promising new sectors such as fiber optics and waste management through public-private partnerships.

PPC is also looking to capitalize on company-owned properties that have remained unutilized for decades.

Over the past few years, PPC has enjoyed a period of tremendous growth that has led to a 50 percent increase in financial figures, over 9 million customers, 14 GW in renewable energy projects, and 340,000 kilometers of networks.

Under the leadership of its CEO Giorgos Stassis, PPC is steadily growing into an energy group of international proportions and a dominant force in southeast Europe. Investments in Romania are a key part of this strategy.

 

IPTO considering fiber optics for EuroAsia Interconnector

Posted on by admin

Grid Telecom, a subsidiary of Greek power grid operator IPTO, is considering to attach a fiber-optic cable system onto EuroAsia Interconnector, a prospective grid link to connect the Greek island Crete, Cyprus and Israel, in order to meet rapidly growing demand in the wider region for online services.

Investments in data centers, storing ever-increasing information via the internet, require fiber-optic cables. IPTO has identified a key opportunity in the region, given the solid basis of its relations with the Israeli side.

Grid Telecom is considering taking on the project, whose budget is expected to reach tens of millions of euros, with two partners, one of which is Tamares Telecom, a fiber-optic network operator and subsidiary of the Israeli fund Aluma.

The project is planned to serve the needs of EuroAsia Interconnector as well as those of other customers.

Interest in the Greece-Cyprus-Israel interconnection is extremely strong. Aluma is awaiting the results of a due diligence procedure before becoming a shareholder in the EuroAsia Interconnector project. The Israeli energy ministry is also very keen on its development. Highlighting the level of interest, the ongoing Israel-Gaza war has not altered project plans.

Just a month ago, Grid Telecom and Tamares Telecom announced that they had completed the initial design for the intercontinental fiber optics linking Greece with Cyprus, Israel and the Arabian Peninsula.

 

PPC planning telecom entry with fiber optic installations

Posted on by admin

Power utility PPC is preparing to take its first steps into the telecommunications infrastructure sector by installing fiber optics, as a pilot program in certain parts of the country, with the aim of entering the wholesale telecoms market.

The power utility, as a first stage of a gradual five-year plan, estimated to require investments estimated between 700 and 800 million euros, intends to install fiber optics at certain segments of the 242,000-km network controlled by subsidiary firm DEDDIE/HEDNO, the distribution network operator.

PPC plans to add these fiber optics as installations to DEDDIE/HEDNO’s existing overhead electricity networks, a swifter and lower-cost option compared to going underground.

The power utility will aim to offer internet connections with speeds of around 1,000 Mbps.

The PPC plan, for its first stage, entails leasing the network to telecom companies.

This project, recently approved by the PPC board, features in the corporation’s new business plan, unveiled last December at an Investor Day event.