Government plans joint ventures between DEI and private investors

19 March 2016
483 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

JOKER results: 18/07/2019
GREECE
shares15 views
GREECE
shares15 views

JOKER results: 18/07/2019

Panos - Jul 18, 2019

The winning numbers from the JOKER draw are as follows:

Greece: Recruitments to the health sector and the Police as a priority
POLITICS
shares17 views
POLITICS
shares17 views

Greece: Recruitments to the health sector and the Police as a priority

makis - Jul 18, 2019

A large meeting under Prime Minister Kyriakos Mitsotakis took place Thursday evening in order to plan recruitments to the health…

Cyprus Energy Minister: Five exploratory drills over the next two years
FINANCE
shares25 views
FINANCE
shares25 views

Cyprus Energy Minister: Five exploratory drills over the next two years

Panos - Jul 18, 2019

Ankara’s goal is to cause instability in the Eastern Mediterranean and discourage energy giants, the Ministry says. Five exploratory and…

Leave a Comment

Your email address will not be published.