x

Economy

Skrekas: Foreign Investors Showing “Impressive” Interest in PPC

November 5, 2021

ATHENS – Environment and Energy Minister Kostas Skrekas, in statements on Friday, focused on the impressive interest shown by foreign investors in the purchase of Public Power Corporation (PPC) shares, on the occasion of the completion of the public offer for an increase of the company’s share capital.

Specifically, Skrekas pointed out the following: “The impressive interest of investors in the share capital increase of PPC clearly proves that the company has turned a page. The extensive participation of international institutional investors exceeded all expectations, with the total offers exceeding 4.0 billion euros. With the funds amounting to 1.35 billion euros that the company will raise, combined with the revenues from the sale of 49 pct of the Hellenic Electricity Distribution Network Operator (HEDNO), it will proceed smoothly with the implementation of its strategic planning. It will invest in the development of Renewable Energy Sources and electricity storage technologies, while it will further accelerate its transformation by acquiring green energy production units beyond Greece’s borders. With these investments, PPC will be able to offer clean energy at affordable prices to households and businesses, while enhancing the country’s energy security. The intense interest of the international investment community in PPC is a practical proof of the strong growth prospects of the Greek economy.”

RELATED

ATHENS - A small humpback whale, which is probably injured, was found stranded on Edem beach in Alimos on Friday.

Top Stories

Associations

ASTORIA – The Pancyprian Choir of NY held its first meeting of 2022 and shared best wishes for the New Year with their annual cutting of the traditional vasilopita at Dionysos Taverna in Astoria on January 24.

Associations

BRONX, NY – In a festive atmosphere, the traditional cutting of the vasilopita was held by the Northern Chios Society of Pelineon Agia Markella in the community hall of Zoodohos Peghe Greek Orthodox Church in the Bronx on January 23.

Society

ATHENS – A major snow storm that had been predicted for days still caught residents in Greece offguard and the New Democracy government scrambling for answers as to why motorists were stuck for hours on major roads.

Video

Democrats Eye Supreme Court Pick to Revive 2022 Prospects

Democrats stung by a series of election year failures to deliver legislative wins for their most loyal voters hope they'll be buoyed by the prospect that President Joe Biden will name the first Black woman to serve on the Supreme Court.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.