Investor Relations - 25.10.2011

Financial offers for Ptolemaida V Lignite Unit

                                                        ANNOUNCEMENT
 
PPC S.A. announces that, in relation to the Tender for the “Study, procurement, transfer, installation and set into operation of a Lignite Unit, with a capacity of 550-660 MWel, burning pulverized lignite and with the capability of providing up to 140 MWth for district heating”, in Ptolemaida, with a total budget of € 1.32 bln, the financial offers were opened today, 24.08.2011, in the presence of the representatives of the two participating consortia.

1. The price offered by TERNA S.A., with Hitachi Power Europe GmbH, Hitachi Ltd Japan and Hamon Environmental GmbH as subcontractors, was €1,394,634,137.82.
This price refers to a unit with an installed capacity of 660 MW.

2. The price offered from the Group of Companies led by Alstom Power Systems S.A. and including Alstom Power Systems GmbH, Alstom Hellas S.A., METKA S.A. and DAMCΟ Energy S.A., as well as Alstom Power Steam Turbines, Alstom Power India and Alstom Power Italia as subcontractors, was €1,557,786,200 (including an amount of €46,398,200 representing the cost of technical deviations).
This price refers to a unit with an installed capacity of 598.9 MW.

In order for determining and announcing the preferred bidder, the Evaluation Committee will follow the procedures set forth in the Tender Documents. 

                                                    Athens, 24.10.2011
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