PPC Renewables in ‘advanced talks’ with banks to raise capital for investment program

PPC Renewables is in “advanced talks” with development and commercial banks to raise funds that will support the company’s investment program, its CEO Elias Monaholias said on Saturday, during a conference on investment opportunities in southeast Europe, held at the 82nd Thessaloniki International Fair.

Monaholias said the company’s good financial health makes it “most competent and attractive to bank financing”. In 2016, the company recorded total electricity sales of 30 million euros and net profits after taxes of 10 million euros, making it one of the most profitable in the sector, he said.

The PPC executive also predicted that energy is a sector on which Greece could cunt on to serve as “a level for growth, investment, and creator of many jobs”.