Investor Relations - 19.01.2011

MoU signed for the development of RES projects

                                                  ANNOUNCEMENT ASE

PPC S.A. announces that, its wholly owned subsidiary PPC Renewables S.A., and ELIKA S.A., a company of the Copelouzos - Samaras Group, signed a Memorandum of Understanding for the joint development of RES projects.

This Memorandum aims at capitalizing on both groups' accumulated know-how and long-term experience in renewables for the development of large, innovative, complex and important energy projects, on a national level.

An indicative project is ELIKA's large wind project in Crete, which combines the development of wind parks, with a total capacity of about 850 MW, which have been granted production license by RAE and their planning entails interconnection to the country's mainland electricity system.

Athens, 19.01.2011
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