Greece edges towards sale of Public Power Corporation spin-off

EconomyCorporates Tags: Corporates, Energy, PPC

Greece is a step closer to completing one of the six prior actions for the disbursement of the EU June sub-tranche of 1 billion euros, which relates to the is the legislation for the sale of a 30 percent stake in the Public Power Corporation (PPC) capacity and its client base (small PPC).

According to the initial draft bill tabled in Parliament in late Match, the new integrated electricity company will have a total capacity of 2.8 GW, including 1.38 GW of lignite-powered plants, 0.9 GW of hydro parks and 0.5 GW of natural gas-fired plant...

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