Press Release - 08.11.2013

Chairman & CEO Statements

PPC S.A. informs the investor community that during a conference organized today, the Chairman & CEO of PPC, Mr Arthouros Zervos, referring to the recent arbitration decision, noted, amongst other, that the electricity price decided by the arbitration tribunal was not € 40,7/MWh, as made known, but € 36,6/MWh, since the € 40,7/MWh do not include other charges not related to the cost of energy. PPC mandated an external advisor, PWC, to conduct a study on PPC cost and the result of the study was submitted to the arbitration tribunal. According to the study, the average full cost of PPC is €72/MWh and the average full cost of the lignite-fired generation, which according to the decision should be used as the basis, is € 62/MWh.

As already mentioned in a previous announcement, PPC will proceed with all necessary actions for defending its interests and those of its shareholders and consumers.
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