Public Power Corporation

Market test to follow lignite plant sale deal

The deal with the country's creditors concerning the sale of Public Power Corporation's lignite units is definitively sealed, and on Friday the two sides will formally confirm it. Now Energy Minister Giorgos Stathakis has to manage the front that has opened with the PPC union (GENOP) and the local communities of Florina and Megalopoli.

Tsipras offers handouts from proceeds of overtaxation

In a bid to seize the initiative and to shift the focus of public debate away from the recent political problems burdening the government, Prime Minister Alexis Tsipras announced plans on Monday evening to distribute 1.4 billion euros of the country's fiscal surplus - derived primarily from the overtaxation of the country's beleaguered middle income earners - to citizens on low incomes. 

PPC aims to halt widespread fraud in its Social Tariff scheme

Public Power Corporation (PPC) is demanding a review of the criteria that customers must satisfy to qualify for the Social Tariff, in order to put a stop to those who fraudulently take advantage of the system at the expense of the power company and other consumers who cover the cost of the very low tariff.

PPC teaming up wth Forthnet

Public Power Corporation (PPC), Greece's dominant energy utility, has teamed up with small telecoms operator Forthnet to explore synergies in their relevant sectors in Greece, PPC said on Wednesday.

The two companies will look to develop combined telecoms and power services, initially aiming at a small number of Greek households, PPC said in a statement.

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