ECONOMY

PPC signs deal with French EDF

Public Power Corporation (PPC) has signed a memorandum of cooperation with France’s EDF Energies Nouvelles to jointly develop renewable energy projects in Greece, it said yesterday. PPC said the agreement, which concerns its renewable energy arm PPC Renewables, is looking into setting up 200 megawatts (MW) of wind parks in Florina, northern Greece, along with a 90 MW wind and hydroelectric energy plant in Crete. «The agreement relates to making use of combined knowledge and experience from the two groups,» the Greek company said in a statement. PPC and EDF Energies Nouvelles intend to build on ties after starting up a joint 38 MW project in Viotia, central Greece, PPC added. The portfolio of PPC Renewables, which is running a 2-billion-euro investment plan up to 2015, includes 123 MW of operating wind, hydroelectric and solar power plants.