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Greek Public Power Corporation To Operate in Bulgaria

Business » ENERGY | July 8, 2014, Tuesday // 15:54| Views: 941 | Comments: 0
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Bulgaria: Greek  Public Power Corporation To Operate in Bulgaria

Greek power company Public Power Corporation will establish a subsidiary in Sofia in cooperation with the Swiss company ALPIQ Group, announced the Bulgarian National Radio.

Public Power Corporation (PPC) will own 85% of the share capital, and the remaining 15% will be owned by ALPIQ. The joint venture will be engaged in energy trading.

Greece's largest power company has announced that the establishment of this subsidiary is part of a strategy of PPC to expand to other markets in Southeast Europe, as well.

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Tags: Public Power Corporation, ALPIQ Group, subsidiary, energy trading
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