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PPC

PPC Shareholders Approve Transfer of 51 % Stake in ADMIE

On Tuesday Greece's power utility Public Power Corp (PPC) approved the transfer of a 51 percent stake in the power grid operator ADMIE. The move is part of the series of privatizations specified in the bailout agreement that the country...

Tsakalotos, Stathakis Meet with Bank Managers Over ADMIE Sale

The actions needed to ensure the timely conclusion of the privatisation of the country's power grid operator ADMIE were discussed in a meeting between Finance Minister Euclid Tsakalotos, Environment and Energy Minister Giorgos Stathakis, along with the management of Greece’s...

New Breakdown at Kardia III Power Unit Leaves Ptolemaida Without Heating

A new malfunction at the Kardia III power unit on Monday afternoon, one of the four units comprising PPC’s Ptolemaida thermal power station (TPS), left the city of Ptolemaida, Greece, without heating amid freezing temperatures. “Our technicians are working tirelessly...

Outstanding Debt to PPC Threatens Stability of Energy Market, Official Says

A statement by a senior company official for Greece's Public Power Corporation (PPC) recently reported that the outstanding debt consumers owe to the energy company has largely gone unsettled. According to sources, many consumers who have signed up for PPC's...

China's State Grid Submits Winning Bid for 24% Stake in ADMIE

Greece’s power utility PPC announced on Wednesday that China’s State Grid Corporation has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros. The other candidate was a consortium led by Italy’s Terna. PPC’s...

Power Utility Says Three Companies to Continue in ADMIE Tender

Power utility PPC announced that three companies out of four that expressed interest will continue in the tender for the sale of a 24 percent stake in power grid operator ADMIE. The companies are France’s RTE International (on behalf of...

Energy Minister Skourletis Against Selling of 17pct of PPC

Greek Energy Minister Panos Skourletis stated clearly that he is against the selling of 17 percent of the PPC (Public Power Corporation) adding that this is also the government's position, in an interview with Real News Sunday newspaper. Referring to the amendment...

Greece's PPC Plans Expansion to Western Balkans

The Public Power Corporation (PPC) is looking to expand into foreign markets to make up for domestic losses, chairman Manolis Panagiotakis announced at a general meeting of shareholders on Monday. Panagiotakis mentioned expanding PPC to Turkey and Tirana, Albania in...

Athens Stock Exchange Plunges 15% After Brexit Announcement

The Athens stock exchange plunged 15% after the announcement of the British referendum results in favor of the Brexit on Friday morning. Greece's bourse followed the international downward trend caused by the Brexit. The Athens stock exchange, along with European...

Greece, Creditors Closer to Completion of Bailout Program Review

After four hours of negotiations with creditors' representatives late on Tuesday, Greece is coming close to the completion of the bailout program review. Only one issue remains open, with the Greek side hoping that it will be resolved soon. Specifically,...