Binding bids due by Dec. 15 for Greek coal-fired plants

Greek power utility Public Power Corp. (PPC) has set a new deadline of Dec. 15 to receive binding bids to buy three coal-fired plants and to receive a licence for a new one, the energy minister said on Friday.

PPC, which is 51 percent state-owned, has shortlisted all six investors interested in buying Meliti I and two other plants in Megalopoli on the Peloponnese peninsula, as well as the licence to build Meliti II in northern Greece.

Submission of binding bids, originally expected by mid-October, had initially been pushed back to early November after investors asked for an extension.

Energy Minister George Stathakis said on Friday the deadline had now been pushed back to Dec. 15. He did not give a reason.

“The tender is ongoing,” Energy Minister George Stathakis told Greek state television ERT. “The binding bids will be submitted by Dec. 15.”

Athens has agreed to sell the plants under its latest international bailout which ended in August in a tender overseen by the European Union’s Commission after a European court ruled that PPC had abused its dominant position in the coal market.

Stathakis said he hoped the tender would be successful, adding that Greece would step into “unchartered waters” if the sale failed.

Source: Reuters

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