Greece's PPC to invest 1 bln eur in renewable energy over next 8 yrs

01.23.2006 - ATHENS - Greek energy company PPC plans to invest 1 bln eur in renewable energy over the next 8 years, brokers said.

Brokers added that PPC aims at capturing a 23 pct market share of the local renewable energy market by 2014, from its current stake on 10 pct.

The company's subsidiary PPC Renewables is expected to undertake the investments which will be 30 pct subsidized by the state, brokers said.

Source: Euro2Day news wire