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Public Power Corporation

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...

Chinese State Grid Corp Buys 24% of Greek Power Grid Operator

The purchase of a 24 percent stake of Greece's state-owned power grid operator ADMIE by State Grid Corp of China was completed on Wednesday, according to Xinhua news agency. The 320-million-euro deal is part of Greece's privatizations project, a bailout...

Major Stake of Greek Power Grid Operator Sold to Chinese Company

The Greek state has sold 51 percent of power grid operator ADMIE to the State Grid Corporation of China, according to a Kathimerini newspaper report. The report says that the deal with the Chinese company is revealed in the informative...

Mining-Induced Landslide in Greece Buries €500 Mln Worth of Lignite, Costs 1,700 Jobs

The mining-induced landslide on the Amyntaio mountain on Saturday buried 500 million worth of lignite under 80 million cubic meters of earth and forced the permanent evacuation of the nearby Anargyroi village. The 182 residents of Anargyroi, in the slope...

Greek Public Power Unionists: Climate Change Is a 'Chinese Conspiracy'

Greece's Public Power Corporation unionists said that the climate change is a "conspiracy" of Chinese multinational corporations that U.S. President Donald Trump has exposed. In a long statement issued by GENOP-PPC, the PPC workers' union, on the occasion of the...

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...

Government and Institutions Still at Odds Over Energy Market, Official Says

The differences between the government and the institutions over energy market issues remain, an official at the environment and energy ministry said on Friday, after the conclusion of the first part of a teleconference that began at 2:30 p.m....

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...

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...