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Tuesday
05
Nov 2024
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Athens 15°C

> Public Power Corporation (PPC)

> Public Power Corporation (PPC)

49% of Greek Electricity Distribution Network Operator majority stake bought out by Australian company for record €2.1 bln

This is the largest privatisation that has taken place in Greece

Deal between DEI – RWE for a 1€ billion investment in photovoltaics

The two companies will establish a joint investment scheme

Greek Environment & Energy Minister Hatzidakis fears total power blackouts due to bad state of PPC

In an interview with the Athens News Agency, he said the corporation was on the brink of collapse

Government faced with serious moral and political questions after convicted PPC head remains in post

He was convicted for covering up an employee who had received bribes and laundered money

Industry urges Greek government to fix “distorted” renewables market

The industry is concerned about the energy market in Greece