ANNOUNCEMENT
APPROVAL OF PPC RENEWABLES S.A. BUSINESS PLAN
The Board of Directors approved the business plan of its wholly-owned subsidiary, PPC Renewables S.A., at its meeting on 6-11-07. The business plan sets a target of 950 MW of installed RES capacity by 2014 at an estimated total investment cost of €1.952 million, to be partly funded by cash transfers totalling €330 million from PPC to PPC Renewables during the period 2008-2011.
Athens, 6-11-2007