Against backdrop of growing energy challenges, PPC capital raise stirs reaction

PoliticsGreek Politics Tags: Energy, Environment, New Democracy, PPC, SYRIZA
Photo by MacroPolis
Photo by MacroPolis

Although Prime Minister Kyriakos Mitsotakis and his aides have been meeting with investors in New York, the headlines in Friday’s newspapers were dominated by the news that the state-controlled Public Power Corporation (PPC) is launching a capital raise that will lead to the country’s main electricity supplier becoming majority-owned by the private sector.

The announcement by PPC immediately sparked a political reaction, as well as media interest. The electricity firm is seeking to raise 750 million euros and there are no plans for the state to participate in the transaction, which will lead to the public...

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