PPC 'could collect 20-30 pct of dues'
Public Power Corporation could collect about a quarter of the 2.7 billion euros in unpaid bills as part of the government's effort to prevent the utility from going bankrupt, but this has to be done with great care, a finance professor and dues payment expert tells Kathimerini English Edition.
The government plan, that Energy Minister Kostis Hatzidakis presented this week in Parliament, includes the sale of assets such as a stake in PPC subsidiary grid operator DEDDIE, the abolition of power auctions, and measures to reduce the pile of overdue electricity bills.
Indeed the main source of PPC's financial troubles is the failure by hundreds of thousands of its clients to pay their bills.
PPC reported last month that the sum of unpaid bills amounts to 2.7 billion euros, and despite efforts to sell off some of that to funds and force strategic dodgers to pay up,...
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