Investor Relations - 09.01.2008

Draft MoU between the Halyvourgiki S.A. and PPC S.A


The management of Halyvourgiki S.A. and Public Power Corporation S.A have decided to propose to their BoDs the approval of a draft MoU for the construction and operation of an 880MW natural-gas fired electricity generation unit.
The unit is planned to be installed on a site owned by Halyvourgiki.
The draft MoU envisages, the creation of a separate legal entity in the form of as societe anonyme, which will manage the project. Halyvourgiki will own 51% of the new entity and PPC 49%.

Athens 9-1-2008
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