Public Power Corp or PPC has reportedly proceeded to the unbundling of its operations, a condition set by the European Union ahead of the energy market’s deregulation in July.
Local media said that PPC also mulls a business plan which involves the split of the company into two units responsible for the production , mines, and trading and the transmission and distribution, respectively.
PPC will seek its shareholders approval for its business plan in the upcoming general shareholders meeting scheduled for June 15.
PPC is state-controlled, with the state’s stake exceeding 51%.