Public Power Corporation

Electricity network 'stretched to its limits,' minister says

In comments to Skai on Friday, Energy Minister Costis Hatzidakis said he could not rule out the possibility of power cuts as the country's electricity network "is stretched to its limits."

Efforts are being made to ensure that the network operates as smoothly as possible, he said. noting however that extended neglect has taken its toll.

PPC head Panagiotakis resigns

Public Power Corporation (PPC) chief Manolis Panagiotakis stepped down on Wednesday as chairman and chief executive officer of troubled state utility, tendering his resignation to new Energy Minister Costis Hatzidakis, saying that his decision aims to "make it easier for the government to implement its policy."

PPC’s Panagiotakis resigns as CEO as company faces tough choices

The Public Power Corporations' President and CEO, Manolis Panagiotakis, submitted his resignation today at a meeting with newly-appointed Environment and Energy Minister Kostis Hatzidakis.

At the request of the minister Panagiotakis has reportedly agreed to stay on in his post pending the appointment of a successor.

Panagiotakis approves entry of strategic investor in PPC

The Public Power Corporation's (PPC) President and CEO Manolis Panagiotakis today told the embattled company's Annual Shareholders' Meeting today that the two options that lie ahead if the hugely indebted company is to stand on its feet are either to maintain the Greek state's position as majority stakeholder with a radical restructuring of the framework of operation and the state's role or to

PPC admits to money problems

The management of Public Power Corporation is seeking ways to improve the picture of its financial results. In a statement on Thursday it effectively confirmed Kathimerini's report about the economic impasse the utility has come to and its anxiety to improve the terrible results observed in the first quarter which may signal very negative developments for the country's biggest corporation.

PPC is on the brink of collapse

Public Power Corporation is in a state of emergency, with the utility's management currently engaged in a desperate effort to secure 300 million euros in cash in the next 10 days, which would avoid the activation of clauses forcing the immediate repayment of loans due.

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