Friday Jan 30, 2015 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
PPC to launch a subsidiary in Turkey

By Chryssa Liaggou

Public Power Corporation (PPC) has decided to launch a subsidiary in Turkey as it turns to cross-border energy trade in a bid to offset the loss of market share in Greece now that the local industry is entering the stage of full liberalization.

According to a PPC statement, its Turkish subsidiary is in the process of obtaining a license from the neighboring country’s regulator and its foundation forms part of the company’s general strategy to enter the new developing markets of Southeastern Europe. The subsidiary will trade in electrical energy, the statement added.

The Turkish electricity market has been showing a deficit due to soaring demand. Consumption has grown by 78 percent in the last decade to reach 235 billion kilowatt hours per annum, and is projected to climb to 450 billion KWh by 2023.

Recent Turkish press reports suggest that Ankara is in advanced talks with Romania and Bulgaria for the import of a total of 2,800 megawatts, and the Turkish Energy Ministry has already signed a memorandum of understanding that will allow for the creation of an alternative mechanism for the exchange of power between the three countries.

ekathimerini.com , Monday May 5, 2014 (23:21)  
Fitch warns of a downgrade for Greece
Gov’t, PCT ease China’s worries
Pension payment to be ‘a little tight’ in March
State liquidity concerns set to grow by the month
Kotzias hails ´good compromise´ on Russia sanctions in Brussels
Greece’s Foreign Minister Nikos Kotzias labeled as a “good compromise” the agreement in Brussels on Thursday between European Union diplomats to extend sanctions against Russia. EU foreign m...
Karamanlis to meet Bakoyannis as New Democracy broods
Former Prime Minister Costas Karamanlis and ex-Foreign Minister Dora Bakoyannis are due to meet on Friday as New Democracy considers how to absorb the impact from its election defeat on Sund...
Inside News
BASKETBALL
Below-par Olympiakos succumbs to Efes
The winning streak of Olympiakos in the second group stage of the Euroleague ended on Thursday in Turkey, as Anadolu Efes outclassed the Reds in the second half to win 84-70. Olympiakos had ...
SOCCER
Xanthi upsets 10-man Panathinaikos in Cup
Xanthi dumped holder Panathinaikos out of the Greek Cup on Thursday, to leave Olympiakos as the big favorite for the tournament that will enter its quarterfinal phase with the draw on Friday...
Inside Sports
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
COMMENTARY
Kotzias, Dugin and the EU
“It has always been Golden Dawn’s position that Greece should not be a part of EU and US sanctions against Russia. Our national interests and geopolitical facts dictate this stance.” This wa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Below-par Olympiakos succumbs to Efes
2. Xanthi upsets 10-man Panathinaikos in Cup
3. Fitch warns of a downgrade for Greece
4. Gov’t, PCT ease China’s worries
5. Pension payment to be ‘a little tight’ in March
6. State liquidity concerns set to grow by the month
more news
Today
This Week
1. Greece wants a debt break, but what about its poorer neighbors?
2. $11 billion wiped from Greek banks on nationalization threat
3. Greek banks rebound as gov't cites inexperience for remarks
4. Investors turn on Tsipras’s campaign to end austerity in Greece
5. Varoufakis says Russia row not about sanctions, but proper consultation
6. Schulz warns Tsipras against straying from stance against Russia, ahead of Athens meeting
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. Poll shows SYRIZA leading ND by 4 pct
6. SYRIZA's win will test institutions
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.