The market test for the sale of Greece’s Public Power Corporation’s (PPC) lignite fired power plants has been completed “with absolute success,” the environment and energy ministry announced on Sunday. Fifteen investors expressed interest in acquiring at least one of the plants up for sale (in Florina and Megalopolis), the ministry reported, according to ANA.
“The market test was crowned with absolute success and there was strong investment interest. DG Comp, taking into account the replies it received, arrived at observations of a technical nature, of which it notified the Greek side in the previous days. These have already been discussed and there was a final agreement, on the basis of which the government will legislate,” Environment and Energy Minister George Stathakis announced.
The ministry also reiterated that there were no plans to sell PPC’s hydroelectric or natural gas fired power plants and that compliance with the European Court decision and the agreement with the lenders on lignite fired plants meant PPC will retain ownership of 78.6 pct of its lignite fired plants in the short-term (next decade), 68 pct in the medium-term (until 2026) and 65 pct in the long term (average period 2018-35).
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