PPC considers excluding production facilities from partnerships – Greece, 27 May 2016

According to the agreement with the country’s creditors, Greek state-owned Public Power Corporation (PPC) is obliged to enter a series of partnerships with private companies in order to reduce the company’s market share. But PPC’s management currently considers to exclude any production facilities from such partnerships and limit them to trade and supply activities only.
The bailout agreement envisages the reduction of PPC’s market share in electricity production below 50 %. As it is currently at about 60 %, the officials are considering the option of reducing the market share by closing down some of its old and obsolete production facilities.

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