Tuesday October 21, 2014 Search
Weather | Athens
24o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Power cuts in Greece amid anti-privatization strike

Greece faced nationwide power cuts on Thursday as a rolling strike began against government plans to break up the country's main electricity provider.

State power distribution operator DEDDIE said one-hour cuts would be imposed from midday in various parts of the mainland as 13 production plants of the Public Power Corporation went offline.

PPC unionists have announced rolling 48-hour strikes against plans to break up the company by 2015 under privatization efforts linked to the country's economic rescue.

The liberalization of Greece's energy market, which has been dominated by state-controlled PPC for decades, is a key requirement for continued loan support from the country's international creditors, the European Union and International Monetary Fund.

The new, scaled-down private company would control a 30-per cent share of PPC's extensive production resources including lignite mines and hydroelectric, natural gas and lignite-fired electricity generation plants.

The Greek state has also pledged to divest 17 per cent of PPC shares by the end of 2015 from its portfolio of over 51 per cent. Pension funds hold another 3.8 percent.[AFP]

ekathimerini.com , Thursday Jul 3, 2014 (13:44)  
Wage dispute hurts govít unity before troika return
Most Britons want to see Parthenon Marbles back in Athens, poll shows
Turkey tests Cyprus after research vessel encroaches on offshore gas area
Doctorsí disiplinary panel needs surgery
ANALYSIS
At loggerheads over role of the IMF
The Greek coalition governmentís plan for a clean exit from the European Union / International Monetary Fund program was dealt a deadly blow by the markets last week on the back of rising po...
Hong Kong telecom group buys out Greek start-up
Hong Kong-based telecommunications multinational PCCW Global has announced it has bought out Greek start-up Crypteia Networks, aiming to incorporate its products into the groupís portfolio. ...
Inside Business
BASKETBALL
PAOK fans stop coach Markopoulosīs move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the countryís problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greeceís stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. PAOK fans stop coach Markopoulosīs move to Olympiakos
2. At loggerheads over role of the IMF
3. Hong Kong telecom group buys out Greek start-up
4. Local tourism could see more arrivals, investments next year
5. Troika exerts pressure using return date
6. Wage dispute hurts govít unity before troika return
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. European leaders pivot back to debt crisis after wake-up call
5. Hardouvelis does not see 'big surprises' in ECB stress tests
6. Stop moaning and get in the game
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.