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Nick Ferengi's picture
Founder and Editor CAGR Value

Nick is the editor of CAGRValue, a finance blog focused on growth investing, At CAGRValue, we explore the most exciting markets, industries and economies in terms of growth and try to pick out...

  • Member since 2017
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  • Dec 7, 2020

Greece’s Public Power Corp. (PPC) announced on Wednesday that it will spend 3.4 billion euros ($4.11 billion) on its power grid as it looks to phase out all but one of its coal-based plants by 2023.

PPC is the largest utility company in Greece and is largely owned by the government, the government controls 51% of the company’s shares.

This announcement during a presentation to investors which was released on Wednesday, December 2nd, 2020. In the presentation, the company said that out of the 3.4-billion-euro spending, 42 percent of the money will be directed towards upgrading power distribution across the country.

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