Stathakis: Significant interest in PPC lignite plants

Investors have expressed significant interest in acquiring the Public Power Corporation (PPC) lignite-fired power stations, Environment and Energy Minister George Stathakis said in an interview with the Athens-Macedonian News Agency (ANA) published on Monday, saying he was optimistic about the results of the tender to sell the PPC plants.

“The procedure is making rapid progress,” he noted, estimating that it will end in about a month “with a good outcome”.

Questioned about the trilateral summit of the Greek, Cypriot and Israeli leaders held last week, Stathakis said that Greece will be the “energy portal” of Europe. He said that a project to connect the electricity grids of the three countries had “made progress on the national part” and that an expansion of participation by companies and agencies will provide a “fresh start” that will give the project new impetus as a European priority.

Stathakis rejected criticism of alleged delays in the exploration for fossil fuels, and told ANA that the previous government had organised “unfortunate tenders, in which it managed to attract interest in only five of the 20 areas”. He announced plans to sign concession contracts for the sea regions “Ionio” and “Block 10” in the coming weeks and that concessions for areas in Crete will be tabled in parliament “perhaps before the summer and certainly before it ends.”