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PPC
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EconomyMacroeconomy
PPC general meeting approves unbundling of ADMIE The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.
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EconomyMacroeconomy
Government seeks to appease banks over ADMIE privatisation In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).
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Legal
ECJ decision on PPC’s lignite exploitation rights and future investments The recent decision of the European Court of Justice (ECJ) to reject the appeal by the Public Power Corporation against the Commission decision providing for measures necessary to restore competition on lignite rights, brings back to the fore the issue of PPC’s privatisation.
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EconomyCorporates
PPC profits rise but turnover falls in Q3 2016 Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim 9-month 2016 financial statement showing that turnover fell by 9.2 percent, standing at 4.04 billion euros for the period in 2016 versus the same time in 2015 (4.45 billion euros).
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Legal
NOME auctions as a mechanism to strengthen competition in the Greek electricity market With decision no. 353/2016, the Regulatory Authority for Energy (RAE) determined the annual amount of electricity that will be available through auction sales of forward electricity products (NOME Type of Auction), which was scheduled to take place for the first time on Tuesday, October 25, 2016.
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Economy
Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE The Public Power Corporation (PPC) said on Wednesday evening that the China’s State Grid Corporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake in the Independent Power Transmission Operator (ADMIE).
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Legal
Legislative developments on restructuring and liberalisation of Greek electricity market Chapter IV of Law 4389/2016 on “Urgent provisions for the implementation of the Agreement for Financial Goals and Structural Reforms and other provisions” includes a number of crucial provisions for the Greek electricity market.
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EconomyCorporates
PPC’s turnover falls 8.5 pct in H1 Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its H1 financial statement showing that group turnover decreased by 248.8 million euros (8.5 percent) to 2.7 billion in H1 2016 compared to 2.9 billion euros in H1 2015.
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EconomyProgramme
Tight schedule to approve multi-bill, tick off remaining milestones MPs are to begin debating on Monday the multi-bill containing draft legislation that will conclude some of the prior actions Greece has to wrap up to secure its next bailout sub-tranche of 2.8 billion euros.
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EconomyProgramme After talks with lenders, Greece returns to list of tasks to secure next bailout payment The discussions between the Greek government and the institutions that resumed last Monday concluded, as had been scheduled, on Friday and have left Athens with numerous matters to take care of in the coming days.