Government plans joint ventures between DEI and private investors

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.