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Tag Archives: DEH

PPC announces €750-million share capital increase plan; state to decrease participation

Greece’s Public Power Corporation is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. At the same, time, it looks as if the state participation will decrease by 17%. Final approval to the plan …

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Greece’s Public Power Company PPC offers discounts during the epidemic

Greece’s Public Power Corporation PPC/DEH is proceeding with discounts in order to help businesses and private persons suffering from the economic effects of the coronavirus outbreak. Starting on Thursday, March 26, 2020, and for the next three months, the PPC offers: cancels the fixed charges for low-voltage customers category Γ1 …

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Greek Public Power Company PPC at risk of “sudden death”, stocks -17.32%

Shares of Greece’s Public Power Corporation PPC plunged and recorded losses of -17.32 with the stock price at 1.728 at the end of Athens Stock Exchange session on Thursday’s following media reports about the tragic economic situation of the company. Greek PPC is reportedly looking for 300 million euros in …

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Greece’s power utility PPC records heavy losses, price hikes possible

Public Power Corporation (PPC), Greece’s main electricity utility, has recorded heavy losses last year and its own auditor warned about the firm’s sustainability. Experts say painful decisions may be required, including rate hikes and asset sales. PPC recorded after tax losses of 542 million euros (607 million U.S. dollars), according …

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Power disconnections due to debts skyrocket by 313% in last three years

Thousands of households across Greece see technical teams of public power supplier PPC to disconnect the electricity supply on daily basis. Electricity disconnections to households and businesses due to debts to power suppliers have increased by 313% in the last three years. The official data of the Regulatory Authority for …

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No plans for further rate hikes in electricity, says Energy Minister

Public Power Corporation (PPC) stands to gain roughly 300 million euros from the measures for a special renewable energy sources account. This will create significant room in terms of pricing policy and put an end to any discussion of rate hikes for electricity, Environment and Energy Minister George Stathakis said …

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McKinsey report brings down Greece’s PPC stocks

Stocks of Greece Public’s Power Corporation (PPC/DEH) have been targeted by traders in Athens Stock Exchange of Monday, after a report of McKinsey consulting group described PPC as “unsustainable” and warned of “tough conditions the banks want in order to refinance the company’s loans.” PPC shares had recorded losses of …

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Power workers union to launch rolling 48h strikes opposing PPC privatization, lignite plants sale

The powerful workers union GENOP-PEH at Greece’s Public Power Corporation (PPC) have announced to launch rolling 48-hour strikes that will start as of 00:01 Monday, April 23rd 2018. The union will launch also a 3-hour work stoppage on Friday, Apr 20, and a protest outside the PPC headquarters in downtown …

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Public outcry forces PPC to reconnect power to lung-patient

It needed the media intervention for Greece’s Public Power Corporation to show a humane face. An exclusive report of local media Lamianow on Friday afternoon was reproduced by hundreds of local and national media, news websites and blogs and exposed the merciless power supply cut to a poor household thus …

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Lung-Patient hospitalized in serious condition after PPC cuts power to poor household

Outstanding debts? No settlement? Poverty? Sickness? Greek Public Power Company knows no mercy.  The public company sent a crew and cut the power supply to a couple that has been living under the poverty line and furthermore the man has been suffering from Chronic Obstructive Pulmonary Disease (COPD), a lung …

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Fifteen investors interested in acquiring PPC lignite-fired power plants

The market test for the sale of the Public Power Corporation’s (PPC) lignite fired power plants has been completed “with absolute success,” the environment and energy ministry announced on Sunday. Fifteen investors expressed interest in acquiring at least one of the plants up for sale (in Florina and Megalopolis), the …

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Ghost of Christmas Present: PPC cuts power to mother of four

Ignorance? Want? Ugly, mean and greedy little creatures? That was in mid-Victorian England and in Charles Dickens’ A Christmas Carol.  In the novel that has touched millions people ever since it was first published in 1843, ‘the two emaciated children” grow up to be adults, Ignorance as adult man in …

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Public Power Company PPC hires an Artistic Director for its choir… #NoWords

Greece’s Public Power Company hired an artistic director for its choir. It sounds like a bad musical the moment the PPC announced to retrieve retrospectively €735 million euros from electricity consumers as  outstanding debt have reached 2.2 billion euros. In a job opening that run from March 24 to April …

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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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