Greece
Greece
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...
Economy
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...
Energy
PPC Labor Union Announces Strikes Against Sale of Power Production Units
The labor union of Greece’s power utility PPC announced on Monday it will call strikes against the government’s decision to sell some of the company’s lignite plants, its president Giorgos Adamidis told the Athens-Macedonian News Agency, after a meeting...
Energy
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...
Energy
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...
Greece
Moscow Submits Bid for Project to Modernize PPC's Lignite Units
During the Greek-Russian energy conference that took place last week in Athens, Moscow proposed a plan to modernize the lignite units of the Public Power Corporation (PPC).
Andrey Proklonsky, a senior official of Group Energocenter, presented the proposal on the...
Economy
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...
Energy
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...
Business
PPC Management Meets Greek MEPs on Free CO2 Emission Certificates
Public Power Corporation's (PPC) management expressed the company's demand for free emission certificates of carbon dioxide to Greece as of 2016 at a meeting with Greek MEPs who were also briefed on the company's positions regarding the liberalization of...
Greece
Power Utility PPC's Head Zervos Resigns Following a Court Indictment
The President and CEO of Greece ’s state-run power utility company PPC, Arthouros Zervos, submitted his resignation to the Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis on Wednesday evening, who accepted it.
In his resignation, Zervos says the decision...
Greece
Greek PPC Power Cut Results in Death of Quadriplegic Woman
A 56-year-old woman died in the area of Chania, Crete, due to a power cut. She had been quadriplegic for 20 years and was living on mechanical support.
According to Greek news, the woman had a live-in nurse who was taking care...
Energy
PPC Announces Higher Electricity Rates
Public Power Corporation (PPC) on Monday announced electricity rate increases up to 11 percent for household customers with electricity consumption of up to 800 kW over a four-month period and rate decreases of up to 3.4 percent for small and...
Energy
Papoulias Signs the Law on Small PPC
On Friday afternoon, the President of the Hellenic Republic Karolos Papoulias signed the law concerning the privatization of 30% of the Public Power Corporation (PPC).
The signing of the law cancels the intention of opposition SYRIZA party leader Alexis Tsipras to ask Papoulias' intervention...
Economy
Greek Parliament Approves Splitting, Selling of PPC
The Greek Parliament has approved a bill splitting state utility Public Power Corporation (PPC) by carving away a subsidiary and selling it to private investors.
The Parliament's first summer session, consisting of one-third of the total of 300 MPs, approved the...
Energy
PPC Unions End Strike at Midnight
Public Power Company (PPC) union GENOP decided on Sunday to end their rolling strikes at midnight. After the strike was ruled illegal by Greek courts and the government handed out papers for the requisition of their services, PPC workers...