Public Power Corporation
PPC buyout of Dixons South-East Europe at Competition Commission for review
The buyout of 100% of the shares of Dixons South-East Europe SA by the Public Power Corporation is now at the Hellenic Competition Commission for review, the latter announced on Wednesday. The file was received by the Commission on Monday, it said.
Power unit withdrawal risks supply in Crete, Cyclades
The intention of Public Power Corporation to withdraw a total of 41 power generation units from Crete, the Cyclades and the non-interconnected islands from end-2023 up until 2028 sounded the alarm at the Ministry of Environment and Energy and the competent authorities.
PPC sees operating earnings jump more than 45%
The sharp drop in energy prices compared to last year's nine-month highs reduced Public Power Corporation's spending on energy purchases, natural gas and CO2 emissions by more than 50% in the first nine months of 2023 and led to a 45.4% increase in operating profitability, PPC reported on Thursday.
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Why PPC is acquiring the Kotsovolos chain
Public Power Corporation reached an agreement with British group Currys for the purchase of electrical and electronic goods chain Kotsovolos for 200 million euros. The transaction is expected to be completed in the first quarter of 2024, subject to approval by Currys shareholders and Greek competition authorities.
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PPC completes sale of energy forward products
Public Power Corporation (PPC) announced on Wednesday it had successfully completed the obligations undertaken toward the Greek government for the sale of Greek-power forward products to third parties during the last three years.
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PPC completes sale of energy products in the forward market during the period 2021-2023
The Public Power Corporation (PPC SA) announced on Wednesday that it has completed the obligations undertaken towards the Greek government for the sale of Greek-power forward products to third parties during the last three years.
Kotsovolos woos power firms
When in mid-June British group Currys, the owner of electrical and electronic goods chain Kotsovolos, announced that it was looking for a buyer for its subsidiary in Greece and Cyprus, no one could have imagined that the historic commercial chain of electrical appliances would become the object of a claim by large energy groups of Greece.
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PPC powers ahead with RES projects
The Public Power Corporation (PPC) units that generate power from renewable energy sources are set to increase exponentially during 2023 as new RES units come online or near completion, PPC Chairman and CEO George Stassis said.
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ATHEX: Bourse benchmark rises almost 8% in one week
Stocks on the Greek bourse continued their impressive rally following last Sunday's election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday. Adding to the momentum was the Motor Oil deal for the takeover of a solar energy company that brings it back into partnership with Public Power Corporation.
PPC swings to profits in year’s first quarter
Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs.
The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year.
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