Greece gives investors another week for coal plant bids

(EurActiv, 8 Jan 2019) Greece has given investors another week to 15 January to submit binding bids for three coal-fired power plants and a licence to build another one, a senior energy ministry official told Reuters on Monday (7 January).

Public Power Corp. (PPC) is selling the plants in northern Greece and on the southern Peloponnese under the terms of Athens’ latest international bailout after an EU court ruled that PPC had abused its dominant position in the coal market.

The bid deadline has been repeatedly pushed back since the tender was launched last year for different reasons.

PPC has shortlisted six investors but a source familiar with the matter, who declined to be named, said only three may submit binding bids.

PPC, which is 51% state-owned, and the energy ministry are handling the divestment and the EU Commission is overseeing the process.

The 7 January deadline was pushed back because PPC wants to first conclude a voluntary redundancy scheme it has offered to its workers, the official said, declining to be named.

Investors will then have a clearer picture of the plants’ workforce, the official added.

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EurActiv, 8 Jan 2019: Greece gives investors another week for coal plant bids