Three in bid for 24 pct stake in Greece’s ADMIE
Greek power utility PPC has announced that three companies have progressed to a second round for the purchase of a 24 percent stake in the Independent Power Transmission Operator (ADMIE): RTE of France, Terna of Italy and State Grid International Development of Hong Kong, a subsidiary of State Grid Corporation of China.
PPC is pushing the sale as part of last year’s bailout from international creditors, which also stipulates a reduction of its share in the electricity market to 50 percent by 2020, from the current 90 percent.
ADMIE owns 11,365 km of the country’s high voltage power network.
The tender was challenged earlier in the month by the GENOP/PPC trade unions, which resorted to the Council of State, demanding its cancellation.
You may be interested
Visit the Greek island in the 100 most impressive list in the worldPanos - Aug 05, 2021
Ios was recently included in the list of the most impressive islands in the world on the news site Insider.com.…
Mitsotakis: The critical infrastructures endured – The houses will be rebuiltPanos - Aug 05, 2021
The Greek Prime Minister, Kyriakos Mitsotakis and the Deputy Minister of Civil Protection, Nikos Hardalias made statements after the extraordinary…
Ancient Olympia: The International Olympic Academy is safe for now – Battle with the fire resurgences (video)Panos - Aug 05, 2021
A new alarm for Ancient Olympia as, early in the morning, a new front emerged, heading towards the facilities of…