REG - Public Power Corp - Statement re Press Comment <Origin Href="QuoteRef">DEHr.AT</Origin>

Public Power SAAnnouncement

13/04/2017 07:00

RNS Number : 4183C
Public Power Corporation S.A.
13 April 2017
Comments on a press article
Announcement 
Commenting on an electronic press article and for the accurate information of the investor's community, PPC S.A. clarifies the following:
- Customers' overdues, excluding settlements, were reduced during the first two months of 2017 to  2.2 billion.
- Cash and cash equivalents of the Group on 31.12.2016 amounted to  501 million.
- The average cost of debt of the Group in 2016 was reduced to 4.64% from 4.81% in 2015, and
- During the last three years, the Company has carried out capital expenditure of an average of 750 million per year, for the modernization of its networks and the upgrading of its generation potential.
Athens, April 13, 2017

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