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Public Power Corp Appoints George Karakousis As Deputy Chief Executive Officer
Greek Public Power Corp says it repaid a 350 million euro bond
Public Power Copr. says no plan to sell power distribution operator
Public Power Corporation SA (PPC) is a Greece-based company, which is engaged in the generation, transmission and distribution of electricity. PPC Group generates electricity from the over 60 main power generating stations of the parent company as well as from additional stations, such as wind parks, small hydro stations and photovoltaic plants that belong to its wholly owned subsidiary PPC Renewables. Furthermore the Company transmits electricity through its approximately 12,000 kilometers long high voltage system, out of which approximately 11,000 kilometers are owned by its wholly owned subsidiary Independent Power Transmission Operator (IPTO SA). In addition the Company distributes electricity to consumers through its approximately 200,000 kilometers long distribution network of medium and low voltage, which are managed by its wholly owned subsidiary Hellenic Distribution Network Operator (HEDNO SA).
30 CHALKOKONDYLI St.
Emmanouel M. Panagiotakis
Executive Chairman of the Board of Directors & Chief Executive Officer
Deputy Chief Executive Officer supervising the Finance Division, Support Operations Division and the Strategy and Transformation Division, Executive Member of the Board of Directors
Kostakis Th. Grigorios
Deputy Chief Executive Officer supervising the Mines, Generation and Supply Business Units and the Corporate Development Division
Georgios A. Andriotis
Independent Non-Executive Vice Chairman of the Board of Directors
Alexandra L. Konida
Chief Financial Officer
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Workers at Greece's Public Power Corp (PPC) launched a two-day strike on Wednesday to protest a draft law aimed at reforming the troubled utility, its largest labour union GENOP/DEH said.
RWE <RWEG.DE> denied on Thursday a report saying the German power firm would face nearly 1 billion euros (864.32 million pounds)of losses related to its coal-fired power plants this year.
Greece's biggest electricity utility Public Power Corp (PPC) on Tuesday posted a smaller loss in the first half of the year, thanks to lower costs for carbon emission rights and reduced discounts offered to customers.
The new head of Greece's Public Power Corp (PPC) said on Thursday his priority was to tackle a "dramatic" cash shortfall at the state-controlled utility by the end of next year.
Greece unveiled on Monday a plan to overhaul loss-making state-controlled Public Power Corp. (PPC) to shore up its finances, including voluntary redundancies and selling shares in its distribution network.
Greece's newly-elected conservative government will work on a plan to help state-controlled utility Public Power Corp. (PPC), which is "on the verge of collapse", incoming energy minister Kostis Hatzidakis said on Tuesday.
Greece's biggest electricity utility Public Power Corp. (PPC) posted a wider loss on Friday for the first quarter, as higher costs for carbon emission rights and the sale of power to alternative producers at below-cost prices were hurting profit.
Public Power Corp. (PPC), Greece's dominant power utility, on Thursday dismissed a newspaper report saying it urgently needed funds.
Greece's Public Power Corp (PPC) said on Wednesday that a 1.4 billion euro ($1.6 billion) coal-fired plant project is at risk without a capacity remuneration mechanism, following a jump in carbon emissions costs.
Greek power utility Public Power Corp (PPC) said on Wednesday that it will repay a bond due next month and that its operations and spending plan will continue smoothly.
Greek utility Public Power Corp (PPC) is considering the securitisation of part of its backlog of unpaid bills, it said in a bourse filing on Thursday, as repayment looms next month on an existing bond.
Public Power Corp (PPC) is considering securitising part of its backlog of unpaid bills and using them as a guarantee to tap bond markets later this year, a Greek newspaper reported on Thursday.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
Greece's Public Power Corp (PPC) relaunched the sale of three coal-fired power plants on Friday with a March 19 deadline for expressions of interest, after a previous tender last month failed to attract any satisfactory bids.
* One bid from Greece's GEK Terna, Czech Seven Energy, sources say
Public Power Corp. (PPC) is seeking to tap bond markets later this year but declining profit are making that task harder, its top executive said on Wednesday.
The European Commission has allowed Greece's Public Power Corp. (PPC) to postpone to late January a deadline for binding bids for three coal-fired plants, an energy ministry source said on Tuesday.
Greece's Public Power Corp (PPC) will continue to supply debt-laden Larco, Europe's biggest nickel producer, with electricity until next month, extending a previous deadline which expires later on Monday.
Greece's Public Power Corp. (PPC) <DEHr.AT> will not cut the electricity supply to Larco before the start of the new year as the government works on a plan to avert a closure of Europe's biggest nickel producer, the utility said late on Wednesday.
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