Government plans joint ventures between DEI and private investors

19 March 2016
773 Views

The government is developing power companies that are joint ventures between DEI and private firms, in an effort to avoid having to sell of any production units.

A report in 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 plans DEI will provide at least two production units (one lignite and one hydroelectric), while the private investor will provide existing units and funding. The private investor will also have a majority stake in the joint venture.

You may be interested

Teleworking in Greece extended until December 31st
GREECE
shares14 views
GREECE
shares14 views

Teleworking in Greece extended until December 31st

Panos - Nov 30, 2020

Teleworking for businesses able to implement distance working due to Covid-19 has been extended until December 31st, Greek authorities have decided. The…

PM Mitsotakis: Covid-19 vaccine free for the public
GREECE
shares26 views
GREECE
shares26 views

PM Mitsotakis: Covid-19 vaccine free for the public

Panos - Nov 30, 2020

Prime Minister Kyriakos Mitsotakis said that the Covid-19 vaccine would be given to the public free of charge during his…

Impressive joint Geek-Egyptian navy exercise sends message (photos)
GREECE
shares25 views
GREECE
shares25 views

Impressive joint Geek-Egyptian navy exercise sends message (photos)

Panos - Nov 30, 2020

The Greek and Egyptian navies conducted joint exercises on Saturday in the wider sea area south of Karpathos. The PASSEX…

Leave a Comment

Your email address will not be published.