Dimosia Epichirisi Ilektrismou

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Dimosia Epichirisi Ilektrismou

logo
legal form Public company
ISIN GRS434003000
Seat GreeceGreece Greece , Athens
sales 5.9 billion EUR (2014)
Branch power supply
Website www.dei.gr

Agios Dimitrios power plant
Wind turbine on Kos

Dimosia Epichirisi Ilektrismou ( DEI ) ( Greek Δημόσια Επιχείρηση Ηλεκτρισμού (ΔΕΗ) , German public energy company ) is the state electricity company and with 7.4 million customers the largest energy supplier in Greece . The company is listed in the Athex Composite Share Price Index on the Athens Stock Exchange . The stock trades under the name Public Power Corporation ( PPC ).

Privatization and IPO

The energy supplier Dimosia Epichirisi Ilektrismou (DEI) was founded in 1950. The deregulation of the Greek electricity market took place in February 2001. On January 1, 2001 it was converted into a Greek public limited company SA. The IPO on the Athens Stock Exchange and the London Stock Exchange took place on December 12, 2001. On December 1, 2002, a further 13.2 percent and on October 2, 2003 a further 15.73 percent of the shares were floated on the stock exchange.

The shareholder structure as of November 30, 2004:

  • 51.12% Greek state
  • 45.07% free float (including institutional investors)
  • 03.81% PPC pension fund

In order to rehabilitate the Greek state budget, it is planned to reduce the state participation to 34%. The workers, who fear layoffs after such a further privatization, defend themselves against it with strikes, which have already led to numerous controlled power cuts lasting several hours.

Energy sources

DEI operates power plants across Greece . Most of them are oil-fired power plants . In Athens , DEI operates an oil power plant several football fields. DEI is based on very windy islands and wind power plants .

DEI operates two large lignite - lignite mines in Ptolemaida and Megalopolis , where even large lignite power plants are operated. In 2007 63.4 million tons of lignite brown coal were mined. The lignite power plants produce a third of the electrical energy in Greece.

In mid-2002 a power plant in Komotini with 485 MW, in 2003 in Florina with 330 MW and in 2006 in Laurion the 5th block with 385 MW was put into operation.

On February 12, 2009, DEI concluded a joint venture with the Greek construction company Halyvourgiki SA , according to which it is to build two power plants with a total output of 880 MW. PPC holds 49 percent of the joint venture.

Renewable energies only contribute twelve percent to electricity generation. However, DEI has founded the subsidiary PPC Renewables SA and is increasingly focusing on renewable energies . By 2020 it should be 40 percent. The government relies primarily on solar energy. Photovoltaic power plants with an installed capacity of 85 megawatts are currently connected to the grid. By 2020 it should be 2,200 megawatts. One of the world's largest solar power plants is planned in Ptolemaida .

DEI publishes on its electricity bills for end customers the composition of the energy sources used for electricity generation in the respective billing period. These values ​​fluctuate slightly per billing period, but are very meaningful as a magnitude for assessing the current energy mix at DEI. The values ​​apply to the entire energy production of DEI for all of Greece. The following table illustrates the development of the composition of the energy sources for some selected accounting periods; they are the average values ​​for a twelve-month period:

No. Art Share
01/2009 - 12/2009 		Share
01/2010 - 12/2010 		Share
12/2010 - 11/2011 		Share
12/2011 - 11/2012 		Share
07/2014 - 08/2014
1 Brown coal 51.4% 46.3% 46.2% 47.7% 45.8%
2 oil 11.2% 08.6% 08.1% 08.2% 0 + 81.8% (not connected)
3 natural gas 15.8% 17.5% 24.8% 23.9% 24%
4th Hydropower 08.3% 11.3% 07.4% 06.2% 011.1%
5 Renewable energy 05.9% 06.6% 08.1% 010.6% 15.0% + 18.3% (not connected)
6th Combinations 07.4% 09.6% 05.4% 03.4% 04.2%

criticism

DEI has come under fire primarily for its use of oil and coal-fired power plants in tourist metropolises. It operates the two coal - fired power plants with the highest emissions in Europe. DEI responded by announcing that it would build more wind power plants and switch off fossil fuel power plants. At the same time, the company is planning to build new coal-fired power plants in the cities of Volos , Kavala and on the island of Evia together with the German energy company RWE . There were protests against this.

Structural data

DEI operates 98 power plants, over 11,750 km of high-voltage lines and around 215,000 km of medium and low-voltage networks . PPC operates 277 branches and covers 99.7 percent of the electricity market in Greece. The capacity of the DEI power plants increased from 80 MW in 1950 to 2,578 MW (1970), 5,407 MW (1980) and 8,812 MW (1990) to 12,760 MW in 2007.

Financial data

designation 2006 2007
Total sales € 4,787.4 million € 5,154.2 million
Profit (EBITDA) € 739.7 million € 818.7 million
EBITDA margin 15.5% 15.9%
Net profit € 22.1 million € 222.3 million

telecommunications

In December 2000, the PPC Telecommunications SA division is founded, which acquires landline and mobile network telecommunications licenses. In mid-2001 a cooperation with the Italian telecommunications company Wind Telecomunicazioni SpA was agreed. Tellas SA starts operations in February 2003. On October 19, 2007, 50 percent plus 1 share of Tellas SA is sold to Weather Investments, which it merges with the Greek wireless operator Wind Hellas SA.

Individual evidence

  1. ↑ a b http://www.dei.gr/Default.aspx?id=144&nt=19&lang=2
  2. ↑ a b http://www.dei.gr/Default.aspx?id=1146&nt=18&lang=2
  3. ↑ http://www.dei.gr/Default.aspx?id=1162&nt=18&lang=2
  4. ↑ Süddeutsche from June 30, 2011: "Between Anger and Resignation"
  5. ↑ a b Mainpost from July 15, 2011: "Greeks are planning the world's largest solar power plant"
  6. ↑ http://www.dei.gr/ecPage.aspx?id=4980&nt=18&lang=2
  7. ^ DEI - End customer electricity bills
  8. ↑ Ralf Dreis: Blackout with RWE . In: Jungle World . No. March 12 , 2008 ( online ). Blackout with RWE ( Memento of the original from March 24, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.jungle-world.com
  9. ↑ Heike Schrader: RWE on a shopping spree . In: Junge Welt . March 4, 2008 ( jungewelt.de ).
  10. ↑ http://www.dei.gr/Default.aspx?id=21&nt=19&lang=2
  11. ↑ http://www.dei.gr/ECPage.aspx?id=2610&nt=101&lang=2
  12. ↑ Source: Annual Report 2007 (PDF; 955 kB)
  13. ↑ http://www.dei.gr/Default.aspx?id=4499&nt=18&lang=2
  14. ↑ Archive link ( Memento of the original dated December 3, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.wind.com.gr

Web links