Public Power Corporation

Prime Minister Kyriakos Mitsotakis was on Monday briefed on the National Plan for Energy and Climate by the Energy Ministry's leadership.

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.

During a visit to Ptolemaida, northwestern Greece, over the weekend, Energy Minister Kostis Hatzidakis announced a number of measures to ease the blow to the region from the withdrawal of lignite-fueled power production units.

A group of Greek and US experts has sent the Energy Ministry an alternative proposal regarding the operation of Public Power Corporation's efficient lignite-powered units, such as Ptolemaida 5, beyond the termination deadline of 2028 that the National Plan for Energy and the Climate provides for.

"Minister for PPC": That's what many people thought I was, until December, which was when public interest focused on the international energy plans, mainly due to tension with Turkey.

Public Power Corporation appears quite reserved about the privatization of the Hellenic Electricity Distribution Network Operator (DEDDIE), at least according to the position expressed during the consultation process.

Greece's Public Power Corporation (PPC) expects a rebound in core profit to 850 million-900 million euros next year, a Greek newspaper reported on Monday, citing a 2020-2024 business plan approved by the utility's board last week. 

Its earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 216 million euros last year from 828 million a year earlier. 

Workers of the country's public power corporation are to start rolling 48-hour strikes from Tuesday at midnight, their labor union GENOP announced on Monday.

The action, which is being held to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

Workers at the state-run Public Power Corporation will be staging a rally on Monday in Kozani, northern Greece, to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.

The rally against the "sudden death" of PPC, according to unionists, will start at 5 p.m. at the main square of the town of Ptolemaida.

The government is banking on the hidden value of grid operator DEDDIE to attract major investors to the sale of this Public Power Corporation subsidiary. This hidden value lies in its capacity to become the basis for developing a fifth-generation (5G) mobile phone network.