Investor Relations - 20.07.2007

The Court of Justice of the European Communities for Lavrion Call for Tender

ANNOUNCEMENT

The Court of Justice of the European Communities has issued a decision upon case C-399/05 concerning a complaint about alleged breach of Community Law on public procurements by PPC SA, relating to the Tender for the supply and installation of Unit 5 of the Lavrion Thermal Power Plant.

The Court?s decision dismisses the European Commission?s action on all parts and more specifically:

  • about the acceptance by PPC of a bid submitted by the consortium AEGEK-AKTOR, judging that AEGEK met the condition of participation as "consortium leader"
  • about the validity of the bid for the long-term maintenance by METKA of the gas-turbine of the Unit in question, on behalf of "General Electric".

Athens, July 20, 2007

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