Thursday, November 14th, 2002
Pierre Hotel, New York City


PPC S.A. from yesterday to tomorrow

The Public Power Corporation has already completed over half a century of a very active professional lifetime in the field of energy. Having completed the task of electrifying the entire country, using domestic sources of energy, PPC generates enough energy today to meet Greece's ever-rising demand for electricity, which, in the year 2001, rose to 4,237 kWh per capita from an average of 88 kWh per capita in 1950. In July 2000, moreover, peak load rose to 8,924 MW - the largest increase ever recorded since the establishment of the company.

Over the years, PPC has developed extensive infrastructure in lignite mining, production, transmission and distribution of electricity, which represents the largest investment ever made in modern Greece.

PPC S.A. today is dominant in the energy sector

With sufficient electric energy production for the entire Greek market

(2nd largest producer of electricity from lignite in Europe)

PPC S.A. Strategic Goals

Our goals for 2002 follow five basic axes:

  1. Implementation of Business Plan for 2001 - 2005 in progress
    - Meeting the targets of the Business Plan for 2002 and achieving higher profits and cash flows and even greater improvement in capital restructuring.
    - Incorporation and full operation of the Komotini combined cycle power plant into the interconnected system (June 2002) and beginning of operation of the lignite plant in Florina.
    - Greece-Italy Power Systems Interconnection with a submarine cable (April 2002).
  2. Lowering of operational costs in the Basic Business Units
  3. Continuation of the Reorganization Plan in 2002.
  4. Development of new activities
    - Commencement of the company's activity in telecommunications, fixed telephony and network services.
    - Formation of a Real Estate Management Company, a subsidiary of PPC, that will be based on the current Housing Department.
  5. Strategic Planning concerning PPC's role in the Balkans and focusing our attention on the expected competition from major electricity companies of the European Union



Atlantic Bank
Bank of Cyprus
JP Morgan Treasury Services

The Annapolis Group Ltd.


Aegean Corporate Realty Partners
Alexander S. Onassis Foundation (USA)
American Hellenic Institute
Baker & Hostetler LLP
Christos Taverna
Delta Holding
Det Norske Veritas
Dino Mavros Co., Inc.
Dish Network
Holland & Knight LLP
Interbank of New York
John S. Latsis (USA) Inc.
Kallimopoulos, Loukopoulos, Chiotellis Law Firm
Laiki Bank
Marathon National Bank of NY
MacArthur Capital
Makkos Organization

Photronics, Inc.
Polaris Marine Agency Inc.

Royal Olympic Cruises