Kostis Hatzidakis

Hatzidakis says PPC rescue plan will convince auditors of company's viability

Energy Minister Kostis Hatzidakis on Thursday said he believed an auditor's report on the second-quarter results of troubled public power utility PPC will deem it viable, following the measures announced by the government and the company to shore up its finances.

PPC to close lignite plants as of 2020

A business plan being drafted by the management of Public Power Corporation includes a sweeping divestment of its lignite-powered plants. The plan, which is expected to be ready by mid-November, is meant to be factored into the structural changes of the local electricity market and the post-bailout assessment of the Greek economy by creditors.

Plan to make PPC more attractive to investors

New legislation to be tabled in October will free Greece's Public Power Corporation (PPC) from the obligations and restrictions that apply to state utilities so that the state-controlled electricity firm can operate as a listed company and expose itself to market competition, Energy Minister Kostis Hatzidakis told Kathimerini's Sunday edition.