Greek Public Power Corporation To Operate in Bulgaria

Greek power company Public Power Corporation will establish a subsidiary in Sofia in cooperation with the Swiss company ALPIQ Group, announced the Bulgarian National Radio.

Public Power Corporation (PPC) will own 85% of the share capital, and the remaining 15% will be owned by ALPIQ. The joint venture will be engaged in energy trading.

Greece's largest power company has announced that the establishment of this subsidiary is part of a strategy of PPC to expand to other markets in Southeast Europe, as well.