Greece says 15 investors interested in coal-fired plants sale

22 Jan, 2018

Fifteen investors have expressed interest in acquiring coal-fired plants the country will divest to comply with an EU court ruling, Greece's energy ministry said on Sunday. Athens has agreed with its foreign creditors that power utility Public Power Corp, which is 51 percent state-owned, will sell plants equal to about 40 percent of its capacity after a European court ruled that the utility had abused its dominant position in the coal market.
Greek and international energy producers and local industries participated in a market test conducted by the European Commission's directorate general for competition, the ministry said in a statement. "There was strong interest from investors," Energy Minister George Stathakis said, without providing further details.

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