Public Power Corporation

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.

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.

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. 

The Public Power Corporation (PPC SA) announced on Wednesday that it has completed the obligations undertaken towards the Greek government for the sale of Greek-power forward products to third parties during the last three years. 

When in mid-June British group Currys, the owner of electrical and electronic goods chain Kotsovolos, announced that it was looking for a buyer for its subsidiary in Greece and Cyprus, no one could have imagined that the historic commercial chain of electrical appliances would become the object of a claim by large energy groups of Greece.

The Public Power Corporation (PPC) units that generate power from renewable energy sources are set to increase exponentially during 2023 as new RES units come online or near completion, PPC Chairman and CEO George Stassis said.

Stocks on the Greek bourse continued their impressive rally following last Sunday's election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday. Adding to the momentum was the Motor Oil deal for the takeover of a solar energy company that brings it back into partnership with Public Power Corporation.

Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs. 

The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year. 

Public Power Corporation (PPC) on Thursday announced it has reached a deal to increase its equity stake in electricity power distribution and supply companies in Romania, following an agreement reached on March 9 to acquire all of Enel's activities in the country. 

Public Power Corporation (PPC) expects its EBITDA to jump by 30% annually after the acquisition of Enel Romania, since the latter has a leading position in the Romanian electricity market.