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PUBLIC POWER CORPORATION SA
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Newswire
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04-17-2008 - Announcement
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PPC S.A. announces that the Board of Directors at its meeting next Tuesday April 22, 2008 will discuss the Memorandum of Understanding with RWE. In a press conference today, the Chairman and CEO of PPC Dr.Takis Athanasopoulos mentioned that the MOU includes the development of a 500-800MW coal power plant in Albania. This project will be managed by a joint venture in which RWE will own 51%, PPC 39% and TITAN, a cement manufacturing company with facilities in Albania, 10%.
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