Investor Relations - 31.03.2006

PPC S.A. intends to participate in the tender of the privatization of the lignite generation station of Pljevlja in Montenegro.

                                                         ANNOUNCEMENT

The Greek Public Power Corporation S.A. announced that the Company intends to participate in the tender of the privatization of the lignite generation station of Pljevlja Thermal Power Plant (210 MW) and Pljevlja Coal Mine, in Montenegro.

Public Power Corporation and ContourGlobal LLC decided to form a strategic consortium for the tender, aiming to utilize the synergies of the alliance and add maximum value to the above mentioned Generation and Mining facilities. ContourGlobal is a New York based energy, infrastructure and operations company, focusing on investments in energy and power assets, in high-growth markets worldwide. Contour Global' s major shareholder is Reservoir Capital Group, a private investment firm with over USD 3 billion in capital under management.

Athens, March 31, 2006


 

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