Greece and Institutions reach agreement on energy issues

The first day of the deliberations between the Greek government and the heads of the institutions’ missions to Athens concluded on Wednesday afternoon.

A Finance Ministry official said “he was very pleased” with the discussions at techical mission level, but he noted there still remained 4 or 5 difficult issues to be resolved. Greek officials and the technical teams discussed privatisations (including those of the Transport Ministry) and energy issues, and set the timetable for the next period.

Earlier, Greece and the institutions on Wednesday reached an agreement on the auctions of lignite and hydroelectric power by Public Power Corporation (PPC) and the special charge to fund renewable energy sources.

The agreement was reached during a meeting of Environment and Energy Minister George Stathakis with the representatives of the institutions, while the issue of the privatization of DEPA will be discussed on a technical level with the aim to reach an agreement by Saturday.

Speaking to reporters after the meeting, Stathakis said all measures will be legislated in early June and said that a solution has been found on the issue of Hellenic Post’s debt to PPC (estimated to be around 50 million euros). The agreement of power auctions envisages a gradual reduction of lignite and hydroelectric quantities to be offered by PPC and the abolition of auctions by the end of 2019. These measures are related to the selling of the lignite units in Megalopoli and Florina by PPC, currently underway.

The agreement on charging suppliers for renewable energy sources envisages a gradual reduction of the charge by 2020 and its replacement with green certificates.

According to the programme, Thursday’s agenda will focus on fiscal issues including changes in real estate state-set values (“objective values”) and issues related to the Health Minstry and the Administration Restructuring Ministry.