Public Power Corp (PPCD) - Cancellation of Cyclades Interconnection Center RNS Number : 4768R Public Power Corporation S.A. 19 November 2012 Announcement With respect to the tendering process of the Cyclades Interconnection Project with the Mainland System, PPC S.A. announces the following: After the completion of the evaluation of the technical offers by our subsidiary IPTO S.A., the financial offer of the only technically acceptable Participant, the Joint Venture of the companies «Siemens A.E. - Prysmian Powerlink Srl - Nexans Norway AS» was opened. The financial offer of the participating Joint Venture included terms and prerequisites which led to significant financial deviations from the Terms foreseen in the Tendering Documents and the offered price was not considered satisfactory. For this reason, the offer was not accepted and the tender wascancelled. Athens, November 19, 2012 This information is provided by RNS The company news service from the London Stock Exchange END STRLLFVSLTLALIF -0- Nov/19/2012 14:39 GMT
Public Power Corp PPCD Cancellation of Cyclades Interconnection Center
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