Public Power Corporation SA announces that today Friday, November 21st, our 100% subsidiaries, ADMIE SA and HEDNO SA, signed a framework agreement for the procurement of technical support concerning Distribution Network assets. The duration of the framework agreement is 3 years, namely until 2016, with an option to extend for a further 2 years. The price to be paid by HEDNO, in its capacity as Distribution Network Operator, to ADMIE for the provision of said services, for the three-year period, amounts approximately EUR 40 million. The said agreement concerns the maintenance of the equipment of step-down Substations 150/20KV, the improvement of the existing equipment, the acceptance of new installations, the repair of failures, etc.
Athens, November 21, 2014