40 companies in market test process for PPC’s lignite units

Around 40 companies from around the world will be invited to participate in a market test process to be organised by the European Commission’s Competition Directorate General (DG Comp) for Public Power Corporation’s (PPC) lignite power units.

The aim of the market test is to be completed by the end of January and an international tender to be launched by the end of May by PPC (the electricity utility has begun procedures to hire six advisers to the sale).

The companies to be approached by DG Comp include electricity companies from the US, Japan, China, Czech Republic, Poland, Greek power producers and large Greek consumers – energy consuming industries that PPC’s chairman and CEO Manolis Panagiotakis officially invited to participate in the purchase of PPC’s lignite units.

The market test, among others, aims to examine whether the market’s interest focuses on all lignite units (Megalopoli 3 and 5, Florina 1 and a license to build a second), or separate packages in the North and South, etc. The package of lignite units to be sold will remain unchanged.

The government is expected to table to Parliament all legislative regulations necessary to accelerate procedures and PPC to hire advisers to the sale. PPC will also prepare to launch an international tender next year.