PPC pledges best deals possible in talks with industrial consumers

PPC, the main power utility, has released a statement underlining current negotiations being conducted by the utiility separately with the country’s major industrial enterprises for revised tariff agreements will be pursued to the fullest for the fairest possible agreements.

The announcement also noted PPC’s main objective is to establish constructive cooperation with all its consumer categories, including industrial firms.

The utility’s administration recognizes the crucial role being played by high-voltage industrial firms in the country’s effort to overcome the deep recession, as well as their key role in providing employment, the statement noted.

PPC is scheduled to hold a shareholders meeting on Monday. Prior to today’s PPC announcement, the utility’s chief executive Manolis Panagiotakis received a letter from Theodoros Fessas, president of SEV, the Hellenic Association of Industrialists, in which PPC was strongly advised not to take unilateral action on new industrial tariffs at Monday’s meeting. Besides being prohibited by market regulations, such an initiative would undermine current negotiations between PPC and industrial consumers, the SEV chief noted.