Press Release - 31.07.2009

Opening up of financial bids for Megalopolis tender

ANNOUNCEMENT TO ASE

PPC informs that today, 31.07.09, the financial bids for the tender of the Megalopolis V power plant were opened by the Appraisal Committee in the presence of the representatives of the two companies participating in the final phase.

ANSALDO Energia submitted a total bid of €580 million plus a 12-year maintenance cost of €95 million, payable in 12 annual installments.

METKA - ETADE Joint Venture submitted a total bid of €543 million plus a 12-year maintenance cost of €143 million, payable in 12 annual installments.

The Appraisal Committee, after taking into account the technical and financial elements of the two bids, will proceed with the drafting of the relevant recommendation.

The procedures to be followed for the award of the contract will be according to the Tender Documents as well as the recent decision by the Board of Directors (as announced on 28.07.09) authorizing the Chairman and CEO to achieve a bid for the abovementioned tender of up to € 500,000,000 and the waiver by the contractor of any claim in association with a potential delay of up to 12 months of the commercial operation of the new plant for any reason, and particularly for delays in the construction of the natural gas pipeline and/or the construction of the HV Centers in Patras and Megalopolis and the HV Transmission Line Patras - Megalopolis for reasons not attributable to PPC


Athens, July 31, 2009
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