Public Power Corp

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

Greece's energy ministry said on Wednesday that the chief executive of state-controlled utility Public Power Corp (PPC) has resigned, days after a change of government in Athens.
Manolis Panagiotakis resigned a day after Greece's newly-appointed energy minister said the new conservative government will work on a plan to salvage PPC from "the verge of collapse".

Public Power Corp (PPC) is considering securitising part of its backlog of unpaid bills and using them as a guarantee to tap bond markets later this year, a Greek newspaper reported on Thursday.

Greece's Public Power Corp (PPC) on Friday received six expressions of interest in three coal-fired power plants it is selling under a post-bailout agreement with its international lenders.
PPC, which is 51 percent state owned, relaunched the sale last week after a previous tender failed to attract satisfactory bids last month.

Greece's Public Power Corp (PPC) will continue to supply debt-laden Larco, Europe's biggest nickel producer, with electricity until next month, extending a previous deadline which expired Monday.

Greece is poised to renew the term of the chief executive of its biggest power utility Public Power Corp (PPC) for another three years after no other candidates came forward.

Manolis Panagiotakis has been CEO of PPC since 2015 and his term, which ended in April, has been extended until a shareholders meeting due to take place on Thursday.

Greek electricity utility Public Power Corp (PPC) will invite investors to submit expressions of interest for the sale of two coal-fired units next week.

Greece and its lenders have agreed that PPC will divest about 40 percent of its coal-fired capacity to help to open up the sector after an EU court ruled that PPC abused its dominance in the coal market.

Greece and the European Union have reached a "preliminary deal" on the coal-fired plants the country will sell to comply with an EU court ruling, Greek Energy Minister George Stathakis said on Monday.

Greece has agreed to sell coal-fired plants and coal mines equal to about 40 percent of its dominant power utility Public Power Corp's coal-fired capacity, to help open up its electricity market, the energy ministry said on Tuesday.

Workers at Greece's main power utility, Public Power Corp (PPC), will file an appeal to Europe's top human rights court on Tuesday, aiming to block the sale of some company assets and seeking recognition they own a stake in the business.