PPC: The struggling electricity giant dominating bailout talks

EconomyFeatures Tags: Energy, PPC, Privatisations, Reforms By: Manos Giakoumis
Photo via PPC https://flic.kr/p/9qi65R
Photo via PPC https://flic.kr/p/9qi65R

One of the biggest stumbling blocks in the way of the Greek government and the institutions to clinch a staff-level agreement (SLA) is the liberalisation of the energy market, with lenders requesting the sale of 40 percent of the Public Power Corporation (PPC) units.

The supplemental memorandum of understanding (SMoU) compiled following the conclusion of the first programme review last May noted that PPC’s retail and wholesale market share should be reduced by 20 percentage points by 2017 and further below the 50-pe...

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