The Greek power utility Public Power Corporation (PPC, 51% state-owned) plans to invest €3.4bn by 2023. The company intends to add 1.3 GW of solar and wind projects to reach 1.5 GW of renewable capacity by 2023. PPC has pledged to shut down its 1.6 GW Agios Dimitrios coal-fired power plant by end-2022. The company should close all but one of its coal-fired power plants by 2023; Only the 660 MW Ptolemaida V currently under construction would remain operational until 2028, when it should switch to another fuel. PPC's coal-fired fleet (3.4 GW) would be repurposed to include cogeneration, energy storage, biomass and hydrogen. In addition, PPC plans to invest over €1.4bn (42% of its planned capital expenditure) in HEDNO, its fully-owned subsidiary in charge of power distribution in Greece, to upgrade its power distribution network. The Greek government plans to sell a 49% participation in HEDNO, which owns 990 km of high voltage (HV) lines 240,000 km of MV and LV lines, in 2021.
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