The creation of a large data center is a strong pillar

PPC has positioned data centers as a distinct pillar of its new strategic plan, opting to act as an infrastructure provider rather than an IT services operator.

The announcements were made by PPC’s management, led by Chairman and Chief Executive Officer Georgios Stassis, during an investor presentation on the forthcoming 4.0 billion share capital increase, alongside the new 2026–2030 strategic plan, which foresees total investments of approximately 24 billion euros.

Under the outlined model, the group will retain ownership of the data center and non-IT infrastructure, generating revenues from leasing, energy supply and connectivity, while IT equipment and operations will remain the responsibility of the client, namely the hyperscaler.

Kozani project

At the core of the plan is the proposed data center in Kozani, with an initial capacity of 300 MW and expansion potential up to 1 GW. PPC stated that it is in confidential negotiations with leading hyperscalers, while also identifying key international players already active in the Greek market (AWS, Google Cloud and Microsoft), which are developing cloud and connectivity infrastructure in the country. According to estimates, PPC is close to reaching an agreement with one of these hyperscalers to lease data center infrastructure.

Recent geopolitical developments appear to be reshaping the data center market, as hyperscalers show increasing urgency to exit proprietary infrastructure in parts of the Middle East affected by armed conflict. At the same time, discussions continue in the telecommunications market over whether PPC may seek to expand its footprint as a telecom services provider, potentially through the acquisition of Nova, Vodafone, or parts thereof. Market sources indicate that such discussions are taking place across the sector.