Tag Archives: PPC

Public Power Corporation has worked out a plan to secure power supplies under an “extreme” scenario of Russia halting gas flows to Europe, its top manager said on Wednesday. PPC, which is 34% owned by the state, generates 50% of electricity in Greece and gas accounted for about 40% of …

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A First Instance Court in Athens partially accepted on Thursday the issuance of a temporary order that prohibits power companies to proceed with consumers’ power outage in case of not payment of the adjustment clause. The temporary order was requested by Greece’s consumers organizations INKA and EKPOIZO. The Multi-Member Court …

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A 92-year-old bed-ridden and oxygen-dependent granny with dementia was rushed to the hospital on Friday after Greece’s Public Power Company cut the electricity supply due to a dept of 500 euros thus depriving her of the most  essential source that was keeping her alive. Speaking to Open TV on Monday …

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The workers’ union of the Public Power Corporation (PPC), GENOP-DEI, has announced a 24-hour strike to be held on Tuesday, October 19. The strike has been scheduled to coincide with a meeting of PPC shareholders who will discuss increasing the company’s share capital. A protest gathering will be held in …

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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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Spear WTE Investments Sarl, a member of Australian Macquarie Infrastructure and Real Assets Group (MIRA), on Friday was declared the highest bidder in a tender to buy 49% of Hellenic Electricity Distribution Network Operator (HEDNO) offering 2.116 billion euros. Public Power Corporation, in an announcement said that the offer was …

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Τhe Greek Public Power Corporation (PPC/DEH) announced the signing of contracts for the securitization of arrears with PPC expecting to drain up to 325 million euros from the market. The program, covered by contract claims has a duration of 5 years, including a two-year revolving period, and a three-year period …

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Greece’s grid operator DEDIE and Public Power Corporation PPC said that they will compensate customers with discounts on the bills due to power outages caused by the snow weather. Approximately 1,000 households are still without electricity in the northern suburbs of Athens on Saturday, following the snow falls on Monday …

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While citizens are being tested in the most severe way due to the economic impact of the pandemic, power cuts continue leaving low-income families without light, heating and even education. Due to debts to the Public Power Company PPC, a single-parent family with three children was left in the darkness …

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Public Power Corporation (PPC) , Greece’s biggest utility, is close to selling off a bundle of unpaid bills worth about 300 million euros in a secularization deal with JPMorgan, two sources close to the matter told news agency reuters on Tuesday. PPC, which is 51% state-owned, is struggling under a …

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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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The Greek Public Power Company (PPC/DEH) has reportedly asked consumers to conduct measurements on their home electricity consumption and declare it to the company officers. Consumers have denounced this to media. According to news website in.gr, PPC subscribers who have not received their bills for several months have turned to …

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Workers at Greece’s Public Power Corporation (PPC/DEH) started their 48-hour strikes at midnight Tuesday. the strikes are spread across the country, with the exception of the island of Rhodes that was declared in “state of emergency” due to the floods on Monday. The strikes are repetitive and will last until …

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Greece’s Public Power Corporation (PPC) has been preparing an aggressive commercial policy with a new model of discounts on electricity. The programme concerns consumers who will sign an annual or biennial contract, PPC sources revealed on Monday. According to the sources, the new pricing policy aims to preserve the company’s …

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The new leadership of Greece’s Public Power Company (PPC/DEH) has revealed a rescue plant worth 500 million euros in order to rescue the loss-making electricity utility. The plan includes rate hikes and cuts in the bonus discounts. Guess who will rescue the PPC. The Greek people, of course. The proposal …

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The economic situation and the fate of the Greece Public Power Company PPC (DEH) is top on the agenda of the new government. PPC Chairman and Managing Director, Manolis Panagiotakis, submitted hois resignation on Wednesday afternoon during the meeting with Energy and Environment Minister Kostis Hatzidakis. During the meeting with …

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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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Tuesday began for the mother of a 5-year-old disable child in the most shocking way. She saw how a team by the Greek Public Power Company PPC disconnected the power supply to her home, while she was preparing the child’s breakfast. The mother rents a modest home in a neighborhood …

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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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A power-outage paralyzed the island of Crete following an explosion at the power plant of the Public Power Corporation in Linoperamata by Heraklio on Friday. The blackout caused major  problems in traffic, airports, hospitals and army facilities, while dozens of citizens were trapped in elevators.  “The power has been restored …

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