Deadline for PPC’s units sale set for 7 October – Greece, 10 July 2018

The participants of the second round of the international tender for the bailout-required sale of 40 % of lignite-fired units of state-controlled Public Power Corporation (PPC) will have 90 days, namely until 7 October, to submit their binding offers.
A total of six parties submitted a non-binding expressions of interest for the sale’s first round. As of this week, the second-round qualifiers will gain access to the procedure’s data room for two months that will help them evaluate technical and financial information regarding the power plants and mines up for sale. A consortium comprising of Beijing Guohua, a subsidiary of China’s Shenhua, and Damco Energy, a wholly owned subsidiary of the Copelouzos Group, GEK-Terna, ElvalHalkor, a member of the Viohalko Group, Czech EPH, Czech Indoverse Coal Investments Limited and Mytilineos Group, all submitted first-round expressions of interest.

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