EBRD to lend PPC €160 mln to mitigate pandemic’s impact

The European Bank for Reconstruction and Development (EBRD) is providing a senior unsecured loan of up to €160 million to Public Power Corporation SA (PPC), the largest power producer and electricity supplier in Greece, to address the impact of the coronavirus pandemic. 

The facility will support PPC's working capital needs at a time of customer payment volatility following the outbreak of the crisis.
It will also strengthen the resilience of the electricity sector as a whole by ensuring the stability of essential utility supplies and maintaining the momentum toward decarbonization.
The loan comes under the EBRD's Vital Infrastructure Support Program to ensure the provision of vital services in its countries of operations confronted with acute pressure from the coronavirus pandemic.
The initiative is part of the bank's overall response to Covid-19.
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