Govt sends list of lignite-fired power units up for sale

20 July 2017
915 Views

Greece’s environment and energy ministry has reportedly submitted a list to the EU Commission’s competition directorate (DG Comp.) of Public Power Corp. (PPC) lignite-fired units that will be put on the selling block.

According to reports, the more modern (2003) Meliti 1 unit in Florina is on the list, along with a license to build a second unit at the same site, and with another two units up for sale at the Amyntaio site, which have operated for the past three decades.

The same list also includes, according to report, the lignite pits that supply the fuel for the aforementioned power stations, all of which are owned and operated by PPC. The listed utility in previous decades operated as a horizontal and vertical electricity monopoly in Greece.

The memorandum-mandated intent is to privatize 40 percent of lignite-generated electricity in the country, in line with a European Court decision ruling that PPC’s access to the specific fossil fuel in Greece is monopolistic.

You may be interested

Mitsotakis to FT: No Troika-like conditions for aid via EU Rehabilitation Fund
FINANCE
shares11 views
FINANCE
shares11 views

Mitsotakis to FT: No Troika-like conditions for aid via EU Rehabilitation Fund

Panos - Jul 06, 2020

PM Kyroiakos Mitsitakis made it clear in an interview to Financial Times that his government would not accept any strict…

Weather forecast: Clouds, rain
GREECE
shares10 views
GREECE
shares10 views

Weather forecast: Clouds, rain

Panos - Jul 06, 2020

Unsettled weather and northerly winds are forecast for Monday. Wind velocity will reach 6 on the Beaufort scale. Clouds, scattered…

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque
GREECE
shares49 views
GREECE
shares49 views

Alternate Foreign Minister Varvitsiotis: Significant tension between Greece and Turkey if Hagia Sophia turned into Mosque

Panos - Jul 03, 2020

Α possible Turkish government’s decision turning Hagia Sophia into a mosque would signal a significant tension in the Greek-Turkish relations…

Leave a Comment

Your email address will not be published.