August 28, 1954

CREATIVE STATE-ISM: The Public Power Corporation (PPC) yesterday replied to questions from the committee set up to study the exploitation of the Ptolemaida site. PPC emphasized delays in beginning construction of the two new power projects in Megdova, by a year, and the Acheloos, by three years, combined with the increased demand for electric power, called for the construction of a thermal electric plant of 80,000 kilowatts in Ptolemaida (…).The total outlay for the construction of the plant, which will be completed by spring of 1958, as well as additions to the transmission grid, is estimated at 16,540,000 dollars, of which 11,380,000 will be in foreign exchange and 5,160,000 in drachmas. PPC has undertaken to cover the cost from its reserves. (…) The Ptolemaida factor will supply the Athens region with 62,500 kilowatts. G. ROUBANIS: Berne, 28 – During today’s European athletics championships here (…) Georgios Roubanis jumped 4.25 meters in his first attempt at the pole vault, putting him in sixth place. (Editor’s note: Roubanis won an Olympic medal in 1956 in Melbourne.)