Press Release: State aid: Greece needs to recover around €17 million from Aluminium of Greece

The European Commission has concluded that lower electricity tariffs granted in 2007-2008 by the Greek state-owned Public Power Corporation (PPC) to Aluminium of Greece conferred an undue advantage to the company, in breach of EU state aid rules. As result, Greece must recover the aid from the beneficiary.

The Commission also investigated the financing of a gas pipeline by the state-owned Public Gas Corporation, connecting Aluminium of Greece to the national gas grid, but concluded that it was carried out on market terms and did therefore not involve state aid.