Press Release - 17.07.2009

Bid Submission by PPC and Golden Energy One Holdings Ltd Joint Venture in the Τender launched by the Government of Montenegro for the acquisition of shares of EPCG.

PRESS RELEASE


PPC SA announces that, in Joint Venture with Golden Energy One Holdings Ltd (Restis Group of Companies), submitted on July 17th 2009, the bid for the Τender launched by the Government of Montenegro for the acquisition of shares and participation in the share capital increase, up to a 45% stake in the company Electroprivreda Crne Gore AD Niksic (EPCG).


EPCG is the vertically integrated electric utility of Montenegro active in generation, distribution and supply of electricity. The installed capacity of the company's power plants is 868MW (210 MW thermal and 658 MW hydroelectric)and the annual net generation of energy is 2,045 GWh, supplying 322.5 thousand customers.

Athens, July 17, 2009

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