Public Power Corporation is reducing its electricity bill discount for consistent customers as of April, as well as the prepayment discount, due to its increasing financial woes.
Public Power Corporation (PPC)
The submission of bids for the lignite production units in Megalopoli and Florina scheduled to take place on Wednesday will be postponed to Wednesday, February 6, the Public Power Corporation (PPC) announced on Tuesday.
The Public Power Corporation (PPC) signed an agreement on Friday for a loan worth 155 million euros with the European Investment Bank (EIB), to update and improve the power distribution networks in Greece.
The Public Power Corporation (PPC) intends to raise electricity bills because "it cannot afford to absorb burdens any more," its chairman and CEOI Manolis Panagiotakis said on Wednesday.
The procedure for the sale of the lignite production units is moving ahead smoothly, and the Public Power Corporation (PPC) will be ready to assume its obligations, PPC's Chairman and Chief Executive Officer Manolis Panagiotakis said.
Larco will pay 4.5 million euros per month to Public Power Corporation (PPC) in the framework of an agreement reached between the two companies to supply Larco with electric power.
Domestic electricity demand decreased by 2.1 pct in 9Μ2018, reaching 43,115 GWh compared to 44,026 GWh in 9Μ2017. However, total electricity demand (including pumping and exports increased slightly by 0.4% in 9M2018, due to increased…
The Public Power Corporation (PPC) plans to issue a bond loan worth 400-500 million euros in the first quarter of 2019, a PPC management source told reporters on Tuesday, following a decision by Standard & Poor's to upgrade PPC's credit…
Public Power Corporation (PPC) on Friday announced that European Investment Bank (EIB) has approved a new credit line worth 255 million euros to finance PPC's investment programme in the period 2017-2020, which aims to modernise and…
Banks have given a vote of confidence to PPC, the power company said on Friday after it refinanced loans worth 1.3 billion euros.