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.

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. 

Rewarding delinquents

No one has any delusions about the state of Public Power Corporation. There is no easy way to overcome the troubles dogging Greece's biggest public utility, which is too big to be left to its fate.

PPC head Panagiotakis resigns

Public Power Corporation (PPC) chief Manolis Panagiotakis stepped down on Wednesday as chairman and chief executive officer of troubled state utility, tendering his resignation to new Energy Minister Costis Hatzidakis, saying that his decision aims to "make it easier for the government to implement its policy."