PPC 'runs risk of sudden death'

Greek enterprises are particularly worried about the state of the electricity market, the uncertainty over the sustainability of Public Power Corporation (PPC) and the government's unrealistic plans for enhancing competition, as statements by the head of the Hellenic Federation of Enterprises (SEV) illustrated on Wednesday.

In an interview with the Capital.gr website, Theodoros Fessas expressed concern about a "sudden PPC death" and incredulity about the existence of a realistic government plan for the privatization of the power giant.

"We run the risk of having surprises we will be unable to control," warned Fessas, referring to PPC, adding that "at some point in the summer, with the rise in demand [for power], PPC will not be able to guarantee the continuous supply of energy as we know it today."

He also stressed the need for "a radical reform of the energy...