ANNOUNCEMENT
PPC 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%
Athens 17-4-2008