Public Power Corporation

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DEH

PPC clients face extra levy

Electricity consumers are expected to be asked to pay an extra 600 million euros. This is the amount Public Power Corporation intends to claim through bills to cover the cost of public services such as the cost of supplying remote islands with power and special discounts for poor households.

ATHEX: Stock traders come back down to earth

Tuesday's gains posted by bank stocks and the local bourse benchmark were wiped out on Wednesday on the realization that the second bailout review is nowhere near completion. The warning for Wednesday's drop for bank stocks had come at the end of trade on Tuesday, by which time their index had sunk to the day's low.

Creditors ask Athens to sell 40 pct of PPC plants

A proposal presented to the Greek government by its international creditors for opening up the electricity market provides for the sale of 40 percent of Public Power Corporation's lignite and hydroelectric plants, on a tight schedule that sees a consultant being hired by August and completion of the process by July 2018.

ATHEX: Banks and PPC lead stock price decline

Bank stocks and PPC led Wednesday's price slump in the Greek stock market, though the fears of a continued deadlock in talks between Athens and its creditors through spring were somewhat contained by statements from European Commissioner Pierre Moscovici in Athens. This led to a stop-loss move in the last hour of trading, but market concerns remain.

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