Electricity

Syriza dissenters slam plan to sell chunk of PPC

Photo: www.dei.gr

Published

March 30, 2017

Country

Comments

0

Share

Published:

March 30, 2017

Country:

Comments:

0

Share

Conflicting statements are making their way to the media, as Greek officials and representatives of international creditors give different assessments on how close the bailout agreement is before the target technical level deal on April 7. Besides pensions and workers’ rights, the disputed mid-term measures concern the unbundling of the energy market.

The government in Athens is struggling to mend the rift within the parliament majority dominated by prime minister Alexis Tsipras’s Syriza party. A provisionary green light would be a step toward unlocking the next tranche of the EUR 86 billion package and the participation of the International Monetary Fund, while membership in the Eurozone is still at stake.

Panos Skourletis, interior minister, has accused creditors of „cannibalism,“ saying they demand up to 40% of coal-fired power generation to be sold, adding it is in collision with the deal of two years ago. The assets are controlled by electricity monopoly Public Power Corporation SA (PPC or DEI). Skourletis earlier held the positions of the minister of labour and energy. Furthermore, he said the „assault“ aims to satisfy particular European and Greek businesses by letting them take over the capacity „at a humiliating price.“ Other ministers reportedly claim the state would be able to eventually repurchase the stake in PPC.

Representatives of general union Genop revealed they are considering to block the utility again and cause blackouts. Skourletis’s faction demands for energy assets to remain under the control of the government, but he also signalled he may accept the decision of the majority. He said PPC mustn’t be privatized under pressure, where value is being intentionally diminished.

Greece owns 51% of the main utility. PPC controls almost the entire retail power market and more than half of the wholesale system, and the government is obligated to reduce shares in both segments to below 50% by 2020.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

esm belene lng alexandroupolis

ESM halts investment in Belene project, turns to gas power plant near Alexandroupolis LNG terminal

27 November 2020 - Elektrani na Severna Makedonija estimates the 800 MW gas project would be finished earlier than the Belene nuclear power plant.

professors serbia message decarbonization coal

Belgrade University professors warn politicians failure to phase out coal will be more costly than any decarbonization measures

25 November 2020 - It will be more expensive for the country to did nothing to reduce CO2 emissions, than to implement decarbonization measures.

Romania coal fired thermal power plants

Romania erases new coal-fired thermal power plants from its plans

23 November 2020 - The Government of Romania claims no more coal power plants would be built and CE Oltenia hinted it is about to scrap the last such project.

federation of bih abolish feed in tariffs shpp

Federation of BiH to scrap feed-in tariffs for small hydropower plants from 2021

19 November 2020 - The government is preparing a set of regulatory amendments in order to prevent the adverse impact of small hydropower plants on the environment.