Public Power Corporation

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DEH

PPC workers' strike enters second day as islands face risk of power cuts

As workers of the Public Power Corporation (PPC) entered the second day of a strike protesting plans for the company's part-privatization, an Athens Court of First Instance was on Friday to rule on the legality of their action which resulted in brief power cuts across the country.

Amendments to PPC sell-off bill set price and secure jobs

Environment and Energy Minister Yiannis Maniatis on Thursday submitted a series of amendments to a controversial bill for the part-privatization of the Public Power Corporation – setting a minimum price and guaranteeing workers’ jobs for five years – ahead of a vote on the draft legislation that is expected to take place in Parliament next Wednesday.

Independent Greeks back SYRIZA proposal for referendum on PPC

Independent Greeks have thrown their weight behind SYRIZA's proposal for a referendum on privatizing part of Public Power Corporation (PPC).

In a statement Thursday, the country's right-wing anti-bailout party said leader Panos Kammenos had called leftist opposition leader Alexis Tsipras to declare his support for the move.

Year’s second half begins with healthy stock gains

Favorable reports on the local credit sector published on Tuesday by Morgan Stanley and Goldman Sachs propelled local stocks to a healthy rebound at the start of the year’s second half.

The Athens Exchange (ATHEX) general index closed at 1,228.85 points, adding 1.20 percent to Monday’s 1,214.31 points. The blue chip FTSE/ATHEX 25 expanded 1.14 percent to close at 396.52 points.

Government spokeswoman warns PPC unionists against blackouts

Government spokeswoman Sofia Voultepsi on Tuesday warned GENOP, the union representing workers at Public Power Corporation (PPC), that civil mobilization would be considered if unionists followed through on blackout threats.

GENOP is opposing government plans for the partial privatization of state-owned PPC.

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