PPC

A hated 100 percent property tax surcharge put into electric bills by former finance minister Evangelos Venizelos, now the head of the PASOK Socialists, will keep being collected, despite a court order ruling it’s illegal, Greek government officials said. Venizelos,...

With winter rapidly approaching, Greece’s Public Power Corporation is cutting off the power to 30,000 customers a month who can’t pay rising bills as their pay has been cut, taxes hiked and pensions slashed – but is mostly sparing...

The General Court of the European Union has annulled two European Commission decisions of the Greek lignite after an appeal by the Public Power Corporation (PPC) of Greece. The Greek government had intervened before the court as well for...

The Greek government Friday transferred a 17% stake in the Public Power Corp. SA (PPC.AT) to the country's privatization agency, paving the road for the sale of the stake in the state-owned power monopoly as part of the country's...

After much prodding from international lenders to push the pace of privatization to raise critical cash, Greece’s Hellenic Republic Asset Development Fund (HRADF) has produced a list of 40 uninhabited islands and islets that could be leased for as...

The Communist-inspired President of Greece’s most powerful labor union is threatening to have workers at the country’s biggest power plant turn off the electricity around the country in the height of the tourist season to protest government plans to...

ATHENS – Former U.S. President Bill Clinton will be in Greece this weekend to promote "The Hellenic Initiative," an initiative organized by Greeks of the Diaspora that aims to help Greece overcome the current crisis. The program aims to...

ATHENS – In yet another reversal for the new coalition administration led by New Democracy leader and Prime Minister Antonis Samaras, the government will put a special property tax into electric bills again, after promising it would not –...

Greece faces the threat of rolling power blackouts as the economic crisis leaves utilities without cash to pay for natural gas imports and operate power stations, Bloomberg reported. Regulators will meet with Greece’s power market operator as early as today...

ATHENS – Short on cash and unable to pay its providers, Greece’s state-owned gas provider DEPA, supplied primarily by Russia’s Gazprom, has asked domestic banks for a loan needed to keep the power running, including to the country’s electricity...