Greece
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PPC

Greece Sells Majority Stake of Public Power Corporation

Greece's Public Power Corporation (PPC) is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. The process is set to bring the state’s share...

Greece Sells 49% of Public Power Corporation HEDNO to Australian Company

Hellenic Electricity Distribution Network Operator (HEDNO) has sold 49% of its stake to Australia’s Macquarie Infrastructure and Real Assets Group

Greece to Present 500-Million-Euro Rescue Plan for Struggling Public Power Utility

The new President and CEO of the Public Power Corporation (PPC), Greece's struggling public power utility, will present a 500-million-euro rescue package to the company's board on Friday. According to the Athens-Macedonian News Agency (AMNA), rate hikes will be offset by...

Greek Public Power Cooperation Records Huge Losses

The Greek Public Power Corporation (PPC), the largest publicly-owned utility in the country, announced on Tuesday losses amounting to 542 million euros for 2018. PPC’s turnover in 2018 amounted to 4.7 billion euros, compared to 4.9 billion euros in 2017....

Greece Approves Power Plant Sales Despite Angry Protests

Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) in spite of workers demonstrating by placing emptying sacks of coal outside parliament. A majority of lawmakers voted in favor...

Greece Finalises Deal with Lenders to Sell Coal-Fired Plants

Greece has finalised a deal with its official creditors on the coal-fired plants the country will sell to comply with an EU court ruling, Greek Energy Minister George Stathakis said on Friday. The deal concerns two lignite units in Megalopolis...

China Development Bank and Public Power Corporation to Sign MoU in Thessaloniki

China Development Bank (CDB) and Public Power Corporation (PPC) will sign a memorandum of understanding (MoU) on Saturday, September 9, in Thessaloniki, during a conference organized within the framework of the 82nd Thessaloniki International Fair (TIF). The conference, entitled "Investment...

Greece's National Electric Company PPC Dealing with Major Theft

Many Greek citizens have not paid their electricity bill and have decided to steal electricity instead. Electricity theft is costing Greece’s dominant power utility Public Power Corporation (PPC) about 170 million euros in lost income each year, the company said...

Power Workers Threaten With Blackouts Over Impending Privatization of PPC

Public Power Corporation (PPC) worker unions are to meet on Thursday and Friday to discuss their reaction to the impending privatization of part of the company, according to chief of the technical employees union, Costas Maniatis. On Tuesday, Maniatis spoke...

PPC Labor Union Announces Strikes Against Sale of Power Production Units

The labor union of Greece’s power utility PPC announced on Monday it will call strikes against the government’s decision to sell some of the company’s lignite plants, its president Giorgos Adamidis told the Athens-Macedonian News Agency, after a meeting...