Last €4.80 EUR
Change Today +0.02 / 0.42%
Volume 1.5M
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As of 10:19 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

public power corp (PPC) Snapshot

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52 Week High
03/12/14 - €12.75
52 Week Low
01/28/15 - €4.25
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public power corp (PPC) Details

Public Power Corporation S.A., together with its subsidiaries, generates, transmits, and distributes electricity in Greece. The company generates electricity from lignite, natural gas, fuel oil, and hydroelectric and natural gas plants, as well as wind farms and photovoltaic plants. It owns 63 power generating stations; transmits electricity through approximately 12,161 kilometers of power lines; and distributes electricity to consumers through approximately 233,000 kilometers of medium and low voltage distribution lines. The company also has approximately 1,915.9 kilometers of fiber optic network along its transmission lines. Public Power Corporation S.A. was founded in 1950 and is headquartered in Athens, Greece.

18,766 Employees
Last Reported Date: 11/27/14
Founded in 1950

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public power corp (PPC) Key Developments

Greece To Freeze Plans To Privatise Public Power Corporation

The new Greek government of leftwing Syriza will freeze plans to privatise Public Power Corporation S.A. (ATSE:PPC). "We will halt immediately any privatisation of PPC", Energy Minister Panagiotis Lafazanis said.

Public Power Corporation S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2014

Public Power Corporation S.A. reported earnings results for the third quarter ended September 30, 2014. For the quarter, the company announced net profit of EUR 25.51 million or EUR 0.11 per share compared to a net loss of EUR 120.45 million or EUR 0.52 per share, for the same quarter ended September 30, 2013. Revenues were EUR 1.59 billion compared to EUR 1.54 billion for the same quarter ended September 30, 2013.

Public Power Corporation S.A. Signs Loan Agreement with EIB

Public Power Corporation S.A. announced that on December 11, 2014, the first loan agreement amounting to €80 million was signed with the European Investment Bank, aiming at investments for the period 2014-2019 in new power generation projects in the non-interconnected islands. Said agreement is the first tranche of a €190 million facility and concerns investments such as: the construction of a Power Plant in southern Rhodes of 115 MW net capacity aiming at securing the long-term electricity supply of the island and achieving high environmental performance. Development projects in seventeen Autonomous Power Stations in various islands such as Santorini, Lesvos, Kalymnos etc. aiming at the reliable electricity supply of these islands, the replacement of old technology units with new more environmentally friendly ones, as well as the upgrading and modernization of the existing power plants' equipment and infrastructure.


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