Investor Relations - 18.10.2007

Signature of convention on the manufacture of new power unit of PPC SA in the Aliveri

ANNOUNCEMENT

The Public Power Corporation S.A. of Greece announces that on 17.10.2007 it has signed a turnkey Contract with the Greek EPC contracting firm METKA S.A. for the design, supply, installation commissioning and putting in operation of a gas fired combined cycle power plant, rated 427,4 MW, to be located in Aliveri, Evia.

The plant will exhibit high thermal efficiency (57,6%) and the power train equipment (gas and steam turbines, generator and heat recovery boiler) shall be manufactured by ALSTOM.

The total price of the fixed price Contract, that includes civil works, is 219,16 M€ and the delivery time of the plant (commercial operation) is set at 27 months.

Athens, October 18, 2007
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