ATHENS, Aug 6 (Reuters) - Greece's biggest power utility Public Power Corp (PPC) on Tuesday posted a 4% rise in first-half net profit, driven by the contribution of its Romanian business.
PPC said net profit came in at 189 million euros ($206.5 million) from 181 million euros a year ago.
PPC, which operates the country's main power grid, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), came in at 879 million euros, up from 578 million euros in the same period last year.
Results were boosted by a growing Romanian unit which PPC bought from the Italian electricity producer Enel last year.
The group said was on track to meet its target for recurring earnings before interest, tax, depreciation and amortisation (EBITDA) of 1.8 billion euros this year.
PPC has earmarked spending to revamp the grid which distributes power to Greek consumers and install more solar and wind parks to bring their total capacity to 8.9 gigawatts by 2026 from 4.7 gigawatts currently. ($1 = 0.9151 euros) (Reporting by Karolina Tagaris and Renee Maltezou; editing by David Evans)
