BUSINESS

Greece to freeze plans to privatize power utility PPC, new Energy Minister says

The new Greek government of leftwing SYRIZA will freeze plans to privatize the country's dominant power utility PPC, its energy minister said on Wednesday.

“We will halt immediately any privatization of PPC,” Energy Minister Panagiotis Lafazanis told Greek television.

The previous government had passed legislation last year to spin-off part of PPC and privatize it as part of its efforts to liberalize its energy market.[Reuters]

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