PPC’s General Assembly postponed – Greece, 30 June 2016

The Shareholders’ General Assembly of Greek Public Power Corporation (PPC) scheduled for today has been postponed shortly before the meeting was about to start. The reason for the delay is tension between PPC’s employees and management which escalated prior to the meeting. It was expected that the sale of minority stake in electricity transmission system […]

Three parties interested in ADMIE privatization – Greece, 13 June 2016

Greek Minister of Energy Panos Skourletis said in an interview that the state is approached by three parties regarding the acquisition of minority stake in electricity transmission system operator ADMIE. Minister Skourletis commented on the selection process and explained that besides the offered price, the experience and knowledge of the potential investors in this particular […]

Tender for ADMIE to be launched in late June – Greece, 9 June 2016

In accordance with the terms of the third bailout package, Greek Public Power Corporation (PPC) will have to open up its electricity business and the first step in that task is the privatization of electricity transmission system operator ADMIE which should start in late June. PPC currently controls about 95 % of Greek retail electricity […]