Public Power Corporation
The union of Public Power Corporation workers (GENOP/DEH) has happily accepted a proposal from the utility's management regarding redundancy incentives for employees with full pension rights working at the West Macedonia Lignite Center and the subsidiaries Meliti Lignite and Megalopoli Lignite that are being prepared for privatization.
Greece's biggest power utility Public Power Corporation (PPC) on Thursday posted a net loss of 1.68 billion euros for 2019 after it wrote down the value of its coal-fired plants.
PPC, which is 51 percent state-owned and plans to switch off all but one of its coal-fired plants by 2023, said the figure compared with a net loss of 903.8 million euros in 2018.
Public Power Corporation (PPC) is in close cooperation with Germany's RWE, one of the world's biggest companies in the renewable energy sources sector, both for the development of the ambitious plan the Greek utility has drafted for its expansion into RES and for the government's implementation of a decarbonization plan.
EDP Renewables, a subsidiary of Portugal's power utility EDP, is the second partner with which Greece's Public Power Corporation (PPC) will seek to cooperate in the field of renewable energy sources for the implementation of the country's ambitious plan to install RES capacity of 1 gigawatt per annum by 2024.