Greece to start shutting down coal power plants
A business plan being drafted by the management of majority state-owned Public Power Corporation (PPC) includes a “sweeping divestment” of its coal power plants in Greece, Ekathimerini writes. The plan to start shutting down PPC’s coal-fired power plants, which is expected to be ready by mid-November, is meant to be factored into the structural changes […]
Enel CEO in Romania proposed for PPC’s new chief
Georgios Stassis, who currently serves as CEO and country manager for Italian energy company Enel in Romania, has been put forward for appointment as new CEO of Greece’s ailing majority state-owned Public Power Corporation (PPC), the Greek media has reported. Stassis, who had been with the Enel Group since 2007, would replace Manolis Panagiotakis, who […]
Greek power company PPC CEO steps down
Greece’s majority state-owned Public Power Corporation (PPC) Chairman and CEO Manolis Panagiotakis has tendered his resignation to new Greek Environment and Energy Minister Kostis Hatzidakis, saying that the move is aimed at making it easier for the new government to implement its policy. Hatzidakis thanked the outgoing PPC CEO for his years of service and […]
Greece’s new energy minister, Kostis Hatzidakis, announces rescue plan for PPC
Not 24 hours after the polls closed in Greece, the new prime minister, Kyriakos Mitsotakis, has unveiled his cabinet. New Democracy Vice President Kostis Hatzidakis will lead one of the two key ministries – of the environment and energy. The new Greek Environment and Energy Minister Kostis Hatzidakis’ key task will be to tackle the […]
PPC secures EUR 160 million for distribution network upgrade, expansion
Greece’s Public Power Corporation (PPC) has secured a EUR 160 million loan, backed by a sovereign guarantee, from the Black Sea Trade and Development Bank (BSTDB). The loan will support PPC’s capital expenditure plan concerning the distribution network, the BSTDB said. The proceeds of the loan will be used to finance PPC’s capital expenditures for […]
Schneider Electric eyeing Greece’s EUR 1.5 billion smart meter project
Schneider Electric has contacted the Hellenic Electricity Distribution Network Operator (HEDNO) to express interest in the replacement of around 7.5 million conventional electricity meters with smart meters, Kathimerini English Edition has reported. The project to replace conventional electricity meters with smart meters, implemented by HEDNO, whose Greek acronym is DEDDIE, is worth EUR 1.5 billion, […]
PPC Renewables to acquire 45% stake in Volterra’s 4 wind farms in Greece
Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), and Volterra, a subsidiary of AVAX Group, have agreed the joint development and operation of 69.7 MW wind farms in Greece. According to a news release from PPC, the company is in the process of acquiring 45% of Volterra’s […]
PPC secures EUR 255 million loan to upgrade electricity distribution network
Greece’s Public Power Corporation has secured EUR 255 million to upgrade the electricity distribution network operated by the Hellenic Electricity Distribution Network Operator (HEDNO), its subsidiary. The upgrade is part of a EUR 510 million national investment programme implemented by HEDNO in the 2017-2020 period. The first part of the European Investment Bank (EIB) loan […]
