Greek Public Power Corporation (PPC) chairman and CEO Manolis Panagiotakis on Thursday said that PPC can definitely recover and become significantly profitable once more, presenting two scenarios for the future of PPC based on political developments in the country, ANA reports.
Addressing a general shareholders’ meeting, Panagiotakis noted PPC’s recovery can come about with “small, fully manageable price increases on consumption.” While it was understandable that all governments balked at raising electricity rates – and PPC was doing everything to absorb the cost – one had to wonder how long this could continue, Panagiotakis said. He categorically dismissed reports that PPC was allegedly on the brink of collapse and called all political parties to clarify their position regarding the future role of PPC.
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