Crucial PPC unit sale meetings begin in Brussels September 18

The Greek government’s summer-long effort aiming to shape the content of a bailout-required sale package of main power utility PPC units is now set to enter its final stage when local and European Commission officials soon meet in Brussels for extended talks scheduled to begin on September 18.

A number of observations and objections have been expressed by the European Commission over the summer.

The Greek delegation, to be represented by energy ministry and PPC officials, as well as their respective consultants, is expected to continue supporting the credibility of a proposal it had submitted to Brussels in June, believing all criteria set through the most recent bailout negotiations have been fulfilled.

The Greek PPC sale package represents 40 percent of PPC’s lignite-related capacity (units and mines). The European Commission provided a response to this proposal on August 11.