The Greek government is developing power companies that are joint ventures between the Greek Public Power Corporation (DEI) and private firms, in an effort to avoid having to sell of any production units.
A report in Greek newspaper Ta Nea suggests that the initiative came in response to the bailout provision of the Greek state having to reduce its shares in DEI to 50% by 2020 and the fear that the creditors will revive the controversial “mini DEI” plans.
According to the plan, DEI will provide at least two production units (one lignite and one hydroelectric), while the private investor will provide existing units and funding. Private investors will also have a majority stake in the joint venture.
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