PUBLIC POWER CORPORATION SA
On Friday, May 18 2007, PPC filed an appeal against an intermediate (Protocol) Decision of the Privatisation Agency of Bulgaria to interrupt the negotiations for the privatisation of Bobov Dol thermal power plant.
Today the Chairman and CEO of PPC, held a meeting with the Minister, of Environment and Waters of Bulgaria, which had been arranged through diplomatic channels. The objective of this meeting was to emphasize the intention of PPC to continue the dialogue on the privatization process and conclude the Bobov Dol transaction. It was agreed that within the next few days, PPC shall propose to the Ministry of Environment and Waters, for its consideration, an effective solution for the economically viable operation of the TPP Bobov Dol, within the European legal framework, by using local coal in an environmentally friendly manner, taking into account the physical properties of the coal and the technology of the plant.
ATHENS May 21, 2007 FROM PRESS OFFICE
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