Public Power Corporation

OpenCalais Metadata: Ticker


PPC to issue corporate bond of 500 mln

By Chryssa Liaggou

Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros.

The Energy Ministry is also eagerly awaiting the issue, as it is hoping it will enable the full clearance of electricity market debts, which according to the bailout agreement is due by end-2014.

Power rate hike for many users

The cost of electricity appears set to increase for low household consumption (of up to 800 kilowatt-hours per four months) and decline for low- and medium-voltage commercial consumers through the termination of so-called cross-subsidies, demanded by the country’s creditors through the revised bailout agreement.

Five embassies signal interest in ‘Small PPC’ bill

By Chryssa Liaggou

Five embassies in Athens have already asked for the translation of a draft law on the break-up of Public Power Corporation, indicating an interest on behalf of investors in the so-called “Small PPC,” which is meant to rival Greece’s electricity giant once it is split into two.