Public Power Corporation
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European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.
Partnership with National Bank of Greece, Piraeus Bank
Greek lawmakers approved a restructuring plan for Larco late on Wednesday which Greece called a last attempt to save Europe's biggest nickel producer.
The European Commission said in November it was taking Greece to the European Court of Justice (ECJ) over its failure to recover 135.8 million euros of illegal state aid to Larco, which is struggling under heavy debt.
EDP Renewables, a subsidiary of Portugal's power utility EDP, is the second partner with which Greece's Public Power Corporation (PPC) will seek to cooperate in the field of renewable energy sources for the implementation of the country's ambitious plan to install RES capacity of 1 gigawatt per annum by 2024.
Wind energy output soared to new records in 2019 in Greece, with more new wind energy farms going into operation than in any other year, Hellenic Wind Energy Association HWEA/ELEATEN said in a report released on Thursday.
The increase was almost four times the annual average rate of the previous decade, raising the total power of wind farms to more than 3,500 MW last year.