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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...