Investor Relations - 21.01.2011

PPC to proceed with international tender for 200 MW PV


PPC S.A. and its 100% subsidiary PPC Renewables S.A. will proceed in the near term to an international tender in order to find a strategic partner for the realization of a project in the field of Renewables energy, which consists of:
- the construction and operation of a photovoltaic park of total capacity of 200MW in the Lignite Center of West Macedonia in the area of Kozani, and, in parallel,
- the construction and operation of a plant for solar panels.

The strategic partner that will be selected, will jointly participate with PPC in the company "Iliako Velos I S.A.", which is 100% subsidiary of PPC Renewables S.A. and has already submitted the relevant application to the Regulatory Authority of Energy for the issuance of the Production License for a nominal capacity of 200MW (a relevant announcement has been issued on 13.12.2010).

The estimated amount of the investment is approximately € 600 mln., whereas the generated energy will be 260,000 MWh per annum, achieving a reduction of 300,000 tons in the CO2 emissions.

Athens, January 21, 2011.

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