Public Power Corp. SA
Economy
Greek State Transfers 17% Stake in PPC to Privatization Agency
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...
Economy
Greek Blackouts Risked as Power Companies’ Cash Runs Out
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...
Economy
EIB Asks Greek Firms To Sign Euro-Exit Loan Clauses
The European Investment Bank is inserting clauses in the loan deals it signs with Greek firms in order to renegotiate debts in case the country exits the euro zone and reverts to the drachma, Kathimerini reported.
According to the newspaper,...
Economy
Greece's PPC Swings to Net Loss, Sees Risk Ahead
Greek state-controlled utility Public Power Corp. SA Friday swung to a net loss in 2011 on slumping demand and increased competition from rival power producers eating into its market share.
MAIN FACTS:
-Net loss for the 12 months to December 31...