The government is in favor of selling a spin-off of the Public Power Corporation (PPC).
The Energy Ministry and its consultants have decided this would offer potential investors an attractive portfolio that would not harm the value of the part of the company that remains in the state’s hands.
This «small PPC» plan has led privatization consultants to propose that electricity plants with a total capacity of 3,000 megawatts be included in the deal. They have also examined all existing units to draft plans for the fuel mix proposal of the small PPC.
They are further considering the creation of two companies with an output of 1,500 MW apiece.
The consultants’ talks with the ministry have intensified as Prime Minister Antonis Samaras has ordered that the definitive plan be submitted to representatives of the country’s creditors by the end of the month.
Athens has committed itself to completing the privatization procedure for PPC by the end of 2013.
Struggling Cyprus should be able to lure tourist revenue with pristine bathing waters, ranked the European Union’s best in the latest EU bathing report published on Tuesday.
In contrast, Bel...
An aircraft that had been en route to Kiev from Iraklio was forced to return to the Cretan port's Nikos Kazantzakis airport on Tuesday morning due to a malfunction in the craft's engine.
All...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful.
The image of t...
