Public Power Corporation
OpenCalais Metadata: Ticker
Optimism for power grid privatization
The government and Public Power Corporation have high hopes for the revenues from the sale of a 49% stake in the Hellenic Electricity Distribution Network Operator (DEDDIE), launched by PPC in a tender last Tuesday.
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PPC describes the tricks strategic defaulters employ
Public Power Corporation on Friday issued a response to reports about service cuts to customers it qualifies as "strategic defaulters."
It alleged that some power consumers change their tax registration number (AFM) to avoid settling overdue debts, which they multiply in doing so.
Water reserves at risk over power requirements
The power market's new operating model has led to serious collateral damage in Public Power Corporation's hydroelectric reserves that may affect the water supply of Thessaloniki in northern Greece next summer.
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PPC plans to invest €3.4 bln by 2023
Greece's biggest power utility, Public Power Corporation, will spend 3.4 billion euros to expand its footprint in renewables and modernize the country's distribution grid, it said on Wednesday.
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ATHEX: Fresh gains for bourse
The Greek bourse benchmark advanced for a 10th consecutive session on Thursday, a streak unseen in almost four years, as stocks are now extending November's momentum into December. The index recorded a new ninth-month high - and without the help of bank stocks this time.
The Athens Exchange (ATHEX) general index ended at 766.82 points, adding 0.97% to Wednesday's 759.47 points.
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PPC completes full year with operating profits
Public Power Corporation on Tuesday reported pre-tax profits of 46.6 million euros in the January-September period, from a loss of €416.8 million in the same period last year.
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ATHEX: Index rises for the fourth week in a row
The Greek bourse benchmark climbed on Friday to highs unseen in almost nine months - i.e. throughout the time of the pandemic in Greece - boosted by aspirations for a strong recovery next year when the vaccines arrive. This was the fourth consecutive week of gains for the local market, which has recovered a large share of the losses incurred over the year.
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ATHEX: Stock index at 8-month high
The Greek stock market appears determined to stretch its November momentum through to the end of the month, as it enjoyed significant gains on Thursday that took its benchmark to a new eight-month high.
The Athens Exchange (ATHEX) general index ended at 726.92 points, adding 3.08% to Wednesday's 705.21 points. The large-cap FTSE 25 index expanded 3.34% to close at 1,725.52 points.
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ATHEX: Bourse index rises despite banks' drop
Bank stocks and the rest of the Greek stock market appeared to be in two parallel universes on Wednesday, as the former suffered losses after days of growth, while the vast majority of listed companies enjoyed gains for another day, taking the benchmark higher.
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PPC turns to renewables
Electric power 0company Public Power Corporation (PPC) is moving toward boosting energy production from renewable energy and ridding itself of its historical reliance on inefficient and highly polluting lignite, also known as brown coal.
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