Public Power Corporation

Workers at the state-run Public Power Corporation will be staging a rally on Monday in Kozani, northern Greece, to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

The rally against the "sudden death" of PPC, according to unionists, will start at 5 p.m. at the main square of the town of Ptolemaida.

The government is banking on the hidden value of grid operator DEDDIE to attract major investors to the sale of this Public Power Corporation subsidiary. This hidden value lies in its capacity to become the basis for developing a fifth-generation (5G) mobile phone network.

Tenure in the narrow public sector has deep roots. It is linked to the history of the Modern Greek state and one may argue that it is the basis of continuity and independence of public administration during successive governments, although that was not the result.

The Energy Ministry presented a new bill on the electricity market on Thursday that introduces a series of important shifts, including an end to the ban on dismissals of staff hired at the Public Power Corporation (PPC) from now on.

The gradual distancing of Public Power Corporation (PPC) from Public Gas Corporation (DEPA), of which the power giant used to be the main client, will likely be the killing blow for the gas utility's competitiveness, just as the state is getting ready to privatize it.

Public Power Corporation is launching a counterattack in the retail market, expanding its activity to the provision of natural gas too.

Greek President Prokopis Pavlopoulos has been sent a legislative act to sign which foresees the cancellation of the electricity auction scheduled for October 16. With this act, the government aims to put an end to the auctions which have helped bring Public Power Corporation to its knees.

A new, more favorable settlement scheme for debts to Public Power Corporation is in the pipeline, Energy Minister Kostis Hatzidakis told Skai TV on Saturday, saying that the amount of the required downpayment will be reduced while the number of tranches will remain the same.

Electricity giant Public Power Corporation is scanning the market with a view to issuing an international corporate bond, following the introduction of streamlining measures that have averted the risk of the utility's collapse, chairman and chief executive Giorgos Stassis told analysts yon Wednesday while presenting PPC's first-half financial results.

Public Power Corporation appears to have escaped the risk of financial collapse for now, as PPC's first-half results and the certified accountants' report showed a considerable improvement, much to the government's relief.