CMEC planning smart meter factory in Greece with PPC

The heads of main power utility PPC and CMEC (China Machinery Engineering Corporation) signed a strategic partenership in Athens today following a series of discussions by company officials for joint ventures concerning a variety of projects, including electricity production, RES sector investments and Balkan market penetration.

CMEC plans to proceed with a major investment in Greece for the development of a smart meters industrial facility as a collaborative effort with PPC, it was disclosed today during the proceedings. Production will be sold both in Greece and abroad.

Also, CMEC, which is planning to launch a representative office in Athens, has proposed the establishment of a company with PPC for the development of their joint ventures.