Partnership between EDF Energies Nouvelles and PPC groups for RES projects in Greece
PPC S.A. announces that the Board of Directors, at its meeting held on September 27, 2010, approved a framework agreement for a partnership between EDF Energies Nouvelles, EDF EN GREECE, PPC AND PPCR on renewable energy projects in Greece.
In the framework of the partnership the two groups intend to jointly take forward a number of potential renewable projects. In particular they will examine the development of wind farms of at least 250MW in Florina, as well as a hybrid project in Crete which will combine a 90MW wind farm with a pump-storage energy transfer hydro power station.
This agreement further enhances the cooperation of EDF Energies Nouvelles and PPC groups in Greece in addition to their existing collaboration in Greece, in the framework of which they already jointly operate a 38MW wind farm in Viotia.
Athens, September 28, 2010