State might sell PPC plants, not stake

The government is considering selling certain electricity plants run by the Public Power Corporation instead of selling off an additional 17 percent stake in the state enterprise, sources have told Kathimerini, noting that the alternative plan has the backing of the country?s foreign creditors.

According to some experts, selling off some of PPC?s hydroelectric or lignite-powered plants would bring in more revenue than the sale of a stake in PPC and would more effectively deregulate the electricity market as it would break the state?s monopoly in the sector. The state would still retain a 51 percent controlling stake in PPC in this alternative scenario.

The plan foresees the creation of two new companies to which the power plants in question would be ceded.