PPC eyeing ‘partnerships, deals in Russia, Turkey, Middle East’

The main power utility PPC’s international aspirations were highlighted during a speech delivered today by the utility’s CEO, Manolis Panagiotakis, at a Greek-Russian energy conference in Athens.

Panagiotakis, while addressing various European and international developments, pointed out that they stand as challenges of strategic dimension for PPC and “need to be confronted positively and creatively” so that the utlility can make swift achievements in areas where it has failed over many years.

Commenting on the domestic electricity market, PPC’s chief executive stressed that maintenance of a significant proportion of lignite-fired electricity production is necessary for supply security and protection against any international oil price increases.

On the utility’s international presence, the CEO said PPC is seeking partnerships with both local and foreign enterprises, including Russian firms.

He pointed out that PPC’s international aspirations stretch beyond the EU. Neighboring Turkey, whose market is experiencing rapid growth, is a key aspect in this expansion plan, Panagiotakis noted. He added that Iran, a country where opportunities are currently being sought by the utility, as well as Middle East countries are also being looked at for market opportunities.

The conference was held within the framework of the 4th Greek-Russian Social Forum, which, in turn, is part of the wider “2016 – Year of Greek-Russian Friendship” series of events.