Tag: debt

PPC’s debt to shrink by a third in 2020 – Greece, 11 December 2020

The debt of Greek state-controlled Public Power Corporation (PPC) to electricity market operators and project contractors has continued to decrease in the second half of the year, despite initial pessimistic estimates. PPC’s total debt at the end of 2020 should amount to around 600 million euros, Full article available for subscribers of Energy NEWS service […]

PPC’s unpaid receivables still at 2.77 billion euros – Greece, 2 August 2018

CEO of Greek Public Power Corporation (PPC) Manolis Panagiotakis said that the debt collection company Qualco managed to collect about 25 million euros of unpaid receivables from a total of 180 million euros owed by 65,000 customers selected for the pilot program awraded to Qualco. Panagiotakis stressed that the results of the pilot program are […]

Accumulated loss of Brod refinery surpassed 300 million euros – Bosnia and Herzegovina, 20 March 2018

Oil refinery in Bosanski Brod, owned by Russian company NefteGazInkor, continues to operate negatively and accumulate losses, which have now exceeded 300 million euros. According to audit report for 2017, Brod refinery operated negatively in the last year as well, recording a loss of 7.7 million euros, so accumulated losses reached a total of 312 […]