Press Release - 30.01.2012

Comments on Press Articles

PUBLIC POWER CORPORATION
CORPORATE AFFAIRS &  COMMUNICATIONS  DEPT.




                                                    PRESS  RELEASE


In relation to recent press reports claiming that the Company faces difficulties in making payments towards HTSO, PPC S.A. would like to explicitly deny such allegations and clarifies that:

- PPC S.A. has no overdue payables to HTSO and has not requested for a payment deferral from HTSO.
- With the new tariffs and the savings in controllable expenses (including payroll) that are already under implementation, the profitability and the cash flows of the Company are expected to significantly improve compared to 2011.
- PPC’s Board of Directors has already approved the refinancing terms for 2012 debt redemptions, at a Group level, of €200 mln. and €150 mln., whereas the terms for additional refinancing in relation to debt redemptions of € 510 mln. for 2012 are currently in process of being finalized.


Athens 30-1-2012

Browser update recommended

Our website has detected that you are using an outdated browser that will prevent you from accessing certain features.
In order to improve your browsing experience we strongly recommend you use the links below to update to one of the following modern browsers.

Appointment Appointment appointment form