Public Power Corporation to raise electricity bills in Greece

The Public Power Corporation (PPC) intends to raise electricity bills because “it cannot afford to absorb burdens any more,” its chairman and CEOI Manolis Panagiotakis said on Wednesday, according to ANA. 

He also noted that final decisions were expected in the next two weeks, and underlined that the utility planned to meet with international investors in February ahead of the company’s exit in capital markets, seeking to raise 250-300 million euros. This money will be used, among others, to repay a bond maturing in May. 

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