PPC Signs € 300 Million Loan – Greek City Times



State Energy Corporation (Checkpoint) signed an agreement on a new joint bonded loan of up to 300 million euros in the form of a revolving loan and without guarantees, the agency said on Monday.

The loan will be used for general commercial purposes, the term of its validity is 3 years with the possibility of extension for another 2 years.

This issue includes, among others, a clause on reducing carbon dioxide emissions by 40% by December 2022 (with 2019 as baseline).

This is done in the context of aligning PPC’s financing policy with its overall strategy for environment and climate change mitigation.

READ MORE: More American investments are directed to Greece, reports Hellenic American Chamber


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