PPC to Invest 180 Mln Euros on Windpower Projects
Friday, 25 July 2014
Public Power Corporation (PPC) on Wednesday announced plans to invest 180 million euros on new windpower park projects, with a total capacity of 150 MW. The plan, approved by PPC’s board, will be funded with bank loans (60 pct) and own capital (40 pct) by PPC Renewables (to be covered by a capital injection by the parent company).
The board also approved an investment to build a windpower park in Crete, with a capacity of 7.5 MW, worth 9.0 million euros, with the option to add another windpower turbine with a capacity of 3.3 MW, worth 3.96 million euros.
PPC said it will soon launch an international tender for the project.