PPC begins voluntary layoffs at coal mines with program for 890 workers
The state-owned company PPC managing lignite open pits and thermal power plants in Greece launched the first round of the voluntary layoffs for employees in the fossil fuel business. Workers aged 55 and higher who apply are entitled to compensation of EUR 35,000 each. Minister Kostis Hatzidakis says PPC may let go up to 5,500 […]
PPC Renewables may partner with Motor Oil, Helector in green energy
Greece’s national electricity producer PPC is leaning on its green energy firm for the transition away from conventional and dirty technology. PPC Renewables is developing geothermal, wind and solar projects and establishing ventures, where domestic companies Motor Oil Hellas and Helector emerged as next likely partners. Government-controlled Public Power Corp. SA or PPC is discussing […]
Greece gets cheapest solar, wind power so far
Regulators in Greece accepted the offer by an affiliate of PPC Renewables to sell electricity from a planned 200 MW solar power plant. The price achieved at the auction, EUR 49.11 per MWh, is the lowest ever in the country for photovoltaics. The Ministry of Environment and Energy of Greece has said the level of […]
Coronavirus prompts crisis measures in electric power systems in Balkans
Governments and state-owned operators are imposing constraints and work from home and stepping up hygiene requirements. The coronavirus isn’t affecting the electric power supply for now in the region of Western Balkans. Power producers and distributors in the Balkans have been introducing emergency procedures to contain the fallout from the spread of COVID-19. The coronavirus […]
PPC Renewables to add 1.5 GW in solar including on former coal mines
The Regulatory Authority for Energy revealed Greece’s dominant power producer is already taking steps in line with its recently published five-year plan. PPC Renewables SA, tasked with Public Power Corp. SA’s envisaged energy transition, filed applications for photovoltaic units with a total capacity of 1.5 GW. The ambition is to add 1 GW by 2024 […]
PPC to work with Masdar, Taaleri on green goal of 300 MW in Greece
PPC Renewables SA signed a memorandum of understanding with Masdar Taaleri Generation Doo or MTG about the development of renewable energy projects in Greece. In the statement, released by the Greek company’s parent Public Power Co. SA, the state-owned firm highlighted their optimism regarding wind and solar potential. Masdar or Abu Dhabi Future Energy Co., […]
Four in five EU coal power plants unprofitable: Greece’s PPC faces EUR 596 million loss, Romania’s CE Oltenia EUR 567 million
Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6 billion this year alone, finds a new report from financial think-tank Carbon Tracker. Looking at the region, Greek utility PPC could lose EUR 596 million this year, Romanian utilities could lose EUR 567 with CE Oltenia alone facing losses of […]
Greece seeks to phase out coal by 2028, Ptolemaida V prospects unclear
Greece will adopt a new national energy and climate plan by the end of 2019 that will envisage the shutdown of all coal power plants in Greece by 2028, Prime Minister Kyriakos Mitsotakis said at the UN Climate Action Summit 2019. The plan will also call for expanding the share of renewables to 35% by […]
