Participations (HCAP). Renewable energy In 1982, PPC developed the first wind farm in the world, combined with a photo-voltaic station to supply electricity to the isolated power system of the island of Kythnos. The PPC has committed to buying renewable-source energy from independent producers at five times its selling rate until 2034. Legislation before Parliament in 2013-14 included making the PPC responsible for collection of the real estate tax, part of the EU/IMF/ECB requirements for the financial support of the economy. Power plants The 34 major thermal and hydroelectric power plants and the 3 wind farms of the interconnected power grid of the mainland, as well as the 60 autonomous power plants located on Crete, Rhodes and other Greek islands (33 thermal, 2 hydroelectric, 18 wind energy and 5 photovoltaic parks) form PPC's industrial assets and constitute the energy basis of all financial activities of the country. The total installed capacity of the 97 PPC's power plants is currently 12,760 MW with a net generation of 53.9 TWh in 2007. Carbon intensity Mining areas PPC has mining areas adjacent to many of its power plants. Some of these power plants produce electricity and power from lignite, while other plants use coal. The largest mining areas are located around Ptolemaida, around Amyntaio in the Florina prefecture and around Megalopolis. Legal issues In 2005, PPC was found to have awarded a contract for the construction of a conveyor-belt system for waste produced at its generating plant in Megalopolis without following correct advertising procedures under EU public procurement law. The need for the system had arisen following an environmental impact assessment, after which the Greek Ministry of the Environment, Urban Planning and Public Works had imposed a deadline of December 2000 for the installation of the system. PPC had therefore decided to negotiate a deal for the construction instead of advertising the opportunity; the court held that these circumstances did not quality as "extreme urgency" for the purposes of the procurement regulations. See also Energy in Greece References External links Financial Data 2014 (PDF; 3,1 mb) Electric power companies of Greece Public utilities of Greece Companies based in Athens Energy companies established in 1950 Companies listed on the Athens Exchange Greek companies established in 1950