Public Power Corporation
Keen interest in PPC investment plans
More than 200 analysts from the largest financial houses in the world attended the presentation in London of Public Power Corporation's (PPC) investment plan, amounting to 9 billion euros over the next three years, which lasted over two hours.
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Making state firms flexible
National Economy and Finance Minister Kostis Hatzidakis is planning changes to the public companies of the Superfund to make them modern and competitive, with interventions on three fronts: administration, procurement and recruitment.
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PPC to invest 9 billion euros in 2024-2026
Greece's power utility PPC plans to invest 9 billion euros in the 2024-2026 period with the aim to turn the company into a leader in clean energy, infrastructure and services in Southeastern Europe, under the new strategic plan presented by the company's chairman and CEO George Stassis in London on Tuesday.
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Giants joining forces in RES
The agreement Public Power Corporation signed on Wednesday through its PPC Renewables subsidiary with the Copelouzos and Samaras groups for the acquisition of shares in the company Thrakiki Wind 1 SA brings the utility ahead in the race for offshore wind farms, given its license for the 216-megawatt offshore wind park off Alexandroupoli.
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PPC shareholders approve expansion of activities
Public Power Corporation (PPC) shareholders approved by 98% of the vote a change to some of the company's articles of incorporation that will allow it to expand activities to trade in technology products and provide information services, on Thursday.
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PPC buyout of Dixons South-East Europe at Competition Commission for review
The buyout of 100% of the shares of Dixons South-East Europe SA by the Public Power Corporation is now at the Hellenic Competition Commission for review, the latter announced on Wednesday. The file was received by the Commission on Monday, it said.
Power unit withdrawal risks supply in Crete, Cyclades
The intention of Public Power Corporation to withdraw a total of 41 power generation units from Crete, the Cyclades and the non-interconnected islands from end-2023 up until 2028 sounded the alarm at the Ministry of Environment and Energy and the competent authorities.
PPC sees operating earnings jump more than 45%
The sharp drop in energy prices compared to last year's nine-month highs reduced Public Power Corporation's spending on energy purchases, natural gas and CO2 emissions by more than 50% in the first nine months of 2023 and led to a 45.4% increase in operating profitability, PPC reported on Thursday.
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Why PPC is acquiring the Kotsovolos chain
Public Power Corporation reached an agreement with British group Currys for the purchase of electrical and electronic goods chain Kotsovolos for 200 million euros. The transaction is expected to be completed in the first quarter of 2024, subject to approval by Currys shareholders and Greek competition authorities.
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PPC completes sale of energy forward products
Public Power Corporation (PPC) announced on Wednesday it had successfully completed the obligations undertaken toward the Greek government for the sale of Greek-power forward products to third parties during the last three years.
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