Source - RNS
RNS Number : 7724I
Public Power Corporation S.A.
21 June 2017
 

ANNOUNCEMENT

 

Consolidated Report on payments to governments (pursuant to article 6, L.3556/2007, as applicable)

 

PPC S.A., pursuant to the provisions of article 6 of Law 3556/2007, as applicable, informs the investor community that due to its mining activities in lignite fields, its expenses that were recorded for the fiscal year ending on 31/12/2016 amounted to € 66.3 mln, on a consolidated basis, out of which € 39.9 mln were paid in 2016 to Central Government Bodies, Regional and Local Government Authorities, as well as to Legal Entities governed by  private law,  which are 100% owned by the Greek State. 

 

The above-mentioned amounts break down as follows:

 

- € 29.8 mln expense for the Special Lignite Levy (€ 2/ΜWh), out of which €  

   13 mln were paid in 2016.

  Moreover, € 16.4 mln which concerned previous fiscal years, were paid in 2016.

 

- € 25.8 mln expense for the Special Levy for the Development of Areas where electricity is generated from Lignite Power Plants, which was not paid in 2016.

 

- € 8.4 mln expense for archaeological excavations, out of which € 8.2 mln were paid in 2016. 

 

- € 2.3 mln expense for other Taxes & Duties, which was paid in full in 2016.   

 

Athens, June 21, 2017


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