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Search Results for: DEH

Lenders press Greece to sell 40% of PPC lignite units and energy producing plants

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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Court rules Debtors can claim Compensation from Collection Agencies

“Repeated calls from collection agencies to debtors infringe personality and debtors are entitled to compensation.” This is the final decision of a court in Athens after an attorney filed a lawsuit against two collection agencies. The court ruling opens the way for compensation to be claimed for “personality insult” when …

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Body of Turkish soldier found in Evros river, he was trying to flee Turkey purge

The body of a Turkish soldier was found in Evros river, the natural border between Greece and Turkey. He was missing for 78 days, after he attempted to illegally cross into Greece through the Evros [Turkish: Maritsa] together with his family. He was a computer engineer at the Missile Base …

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Greece’s PPC to hire collection agencies to pursue overdue payments

Greece’s Public Power Company (DEH) intends to hire a private collection agency to manage arrears to the public utility, Chairman and CEO Manolis Panagiotakis announced on Wednesday. “They promised us a 10-percent collectability increase,”the PPC CEO told a committee at the Greek Parliament. As expected Panagiotakis’ announcement triggered an outrage …

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Black out in Cyclades: Paros, Naxos, Ios, Sikinos, Folegandros without electricity

A blck out occurred on the island group of Cyclades in the central Aegean Sea leaving thousands of people in Paros, Naxos, Ios, Sikinos, Folegandros and other islands without electricity. According to Greek Public Power Company (DEH), a short circuit in the transformer of the power plant on the island …

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Gov’t MPs approve Water Privatization with 152 votes

With 152 YES votes, coalition government lawmakers from left-wing SYRIZA and nationalists Independent Greeks approved the privatization of the water companies in Athens and Thessaloniki. Replying to sharp criticism form opposition parties and the society, the government insisted that “indebted state-run enterprises would hardly find an investor” and that the …

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Gov’t ministers: Utility companies in Privatization Superfund doesn’t mean that they will be sold

The Greek government tries to persuade opposition parties and society that the transfer of utility companies in the Privatization Fund does not automatically mean that they will be sold. Three government ministers – Finance Minister Euclid Tsakalotos, Transportation Minister Christos Spirtzis and Energy Minister Panos Skouletis -, insisted in claiming …

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Greece’s new Privatization Fund & the Vanity of Schaeuble’s Wishes

The “Hellenic Company for Assets and Participation” (EDIS) is the name for the new  Privatization Super-Fund that will claim ownership of all assets of the Greek state including 70,000 real estate properties, all major state-run enterprises like utility companies (electricity, water) and public transport (buses, metro etc), state shares in …

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