Tag: PPC

FINANCE
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PPC to implement discounts on electricity rates

Panos - Oct 22, 2019

The Public Power Corporation (PPC) has been preparing an aggressive commercial policy with a new model of discounts on electricity as of 2020. The programme concerns consumers…

FINANCE
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PPC announces Q1 2019 losses of 205.1 mln€; utility counters that results do not include recent rebates of 121.2 mln€

Panos - Jul 01, 2019

The Public Power Corp. (PPC) on Friday reported first quarter 2019 losses of 205.1 million euros, after taxes, an increasingly poor performance by Greece's dominant electricity utility.…

FINANCE
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Greece’s PPC pushes back power plants bid deadline because of snap elections

Panos - May 28, 2019

Greece’s electricity utility PPC has pushed back by more than a month a deadline for binding bids for three coal-fired power plants it is selling under a…

GREECE
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PPC CEO doesn’t rule out rate hikes

Panos - Feb 12, 2019

The head of Greece’s state-run Public Power Corp. (PPC), the dominant electricity provider in the country, on Monday did not rule out rate hikes. PPC president and…

GREECE
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Government faced with serious moral and political questions after convicted PPC head remains in post

makis - Sep 10, 2018

The Greek government is faced with a major issue of moral and political implications after the President and CEO of the Public Power Corporation (PPC), Emmanuel Panagiotakis,…

FINANCE
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PPC union calls strike in protest to proposed sell-off of four units

Panos - Apr 24, 2018

The powerful union (GENOP-DEI) representing workers at Greece's one-time electricity monopoly, the Public Power Corp. (PPC), commenced roll-over 448 strikes on Sunday evening in protest over the…

FINANCE
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Govt sends list of lignite-fired power units up for sale

Panos - Jul 20, 2017

Greece's environment and energy ministry has reportedly submitted a list to the EU Commission's competition directorate (DG Comp.) of Public Power Corp. (PPC) lignite-fired units that will…

FINANCE
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Power utility PPC to compile list of units up for sale; autumn market test cited

Panos - Jun 20, 2017

Greece's state-run and dominant power utility (PPC) will reportedly announce the lignite-fired units that it will place on the selling block in a matter of weeks, with…

GREECE
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PPC gets initial approval for 200 mln euro loan

makis - Mar 01, 2017

Greece's power utility Public Power Corp. secured initial approval for a 200 million euro ($210.5 million) bank loan by the country's main lenders, it said on Wednesday.…

FINANCE
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PPC approves ADMIE spin-off

makis - Jan 18, 2017

Shareholders of Greece’s electricity utility Public Power Corporation (PPC) approved late on Tuesday the transfer of a 51 percent stake in the power grid operator ADMIE, part…

GREECE
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Deadline for binding offers for stake in power grid operator extended by one week

Panos - Oct 12, 2016

A deadline for submission of binding offers for a 24-percent stake in Greece’s state-controlled Independent Power Transmission Operator (IPTO or ADMIE) S.A. was postponed for one week,…

FINANCE
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1,8 debtors struggle to pay their power and water bills

Panos - Sep 26, 2016

Millions of debtors in Greece will face a power outage and a water service interruption if they don’t make a settlement payment until the 30th of September,…

FINANCE
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Government “gives away” DEH and EYDAP to Greece’s lenders

Panos - Sep 23, 2016

A new multi- bill featuring some of the so-called prior actions that Greece must implement to unlock the next tranche of 2.8 billion Euros in rescue loans…

FINANCE
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PPC discount for consistent consumers comes into effect

Panos - Jul 01, 2016

A 15 percent rate cut by Greece’s main electricity utility, Public Power Corporation (PPC), for consistent domestic and corporate consumers came into effect Friday. The discount, which…

FINANCE
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PPC cites power increase from hydro plants

Panos - Mar 24, 2016

The state-run Public Power Corp. (PPC) said power generation from hydroelectric has increased by 0.34 percent due to increased water flows over the recent period. According to…

FINANCE
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PPC head supports expansion in new markets, cooperation‏

Panos - Jan 26, 2016

Public Power Corporation’s chairman and chief executive Emmanouel Panagiotakis on Monday said he was in favor of plans to expand in new markets and forging business cooperation…