PPC sources deny utility’s interest in Terna Energy buyout

Sources close to the Public Power Corp. (PPC), Greece’s dominant electricity producer and provider, on Friday evening flatly denied circulated reports of participation by the ATHEX-listed utility in any buyout of Athens-based Terna Energy.

The same sources said the state-run utility’s strategy remains focused on new renewable energy sources projects in Greece, terming the latter as a more advantageous investment, compared to projects already up and running, “which entail a greater risk”.