Greek power utility Public Power Corp. (PPC) will receive binding bids for three coal-fired plants and a license for a new one by the middle of next month, the country’s energy minister said on Friday.
PPC, which is 51 percent state-owned, is selling the plants in northern and southern Greece after a European court ruled it had abused its dominant position in the coal market. The utility has shortlisted all six investors interested in the plants.
“The tender is ongoing,” Energy Minister George Stathakis told Greek state television ERT. “The binding bids will be submitted by December 15.” Read more
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