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Greek PPC sees price cuts, for some, of 5-15 pct

Greece΄s state run utility Public Power Corporation will ask for government approval to reduce prices (between 5 and 15 percent) for top-paying commercial clients so as to tackle competition, the company’s CEO said on Tuesday according to Reuters.
“PPC intends to propose discounts for those clients,” Arthouros Zervos told shareholders.
He added that the price cuts would be an interim measure until PPC reforms its entire tariff structure under the conditions set by EU/IMF bailout for Greece by September 2010, the news agency reports.
An official also said told Reuters that the company planned to import 5 LNG shipments of about 70,000 cubic metres.

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