Enel Romania

The chairman and CEO of Greece's power utility company PPC's presented the company's plans to penetrate the region of the Western Balkans and the Southeast Mediterranean to the US Assistant Secretary for Energy Resources Geoffrey Pyatt at a meeting in Washington on Monday.

Public Power Corporation on Wednesday announced the completion of the agreement for its acquisition of Enel Romania, which is the company's first major expansion abroad. The acquisition of all the stakes held by Enel and its Romanian subsidiaries was launched last November, with the exclusive negotiations between the two companies resulting in a binding agreement on March 9, 2023.

The Greek renewables market is seeing unprecedented business activity, with portfolios of hundreds of "green" megawatts changing hands.

Public Power Corporation (PPC) expects its EBITDA to jump by 30% annually after the acquisition of Enel Romania, since the latter has a leading position in the Romanian electricity market.

The signing of a binding agreement for Public Power Corporation to acquire the assets of its Italian peer Enel in Romania is said to be a matter of hours.