IPTO bidders given two extra days on top of one-week extension

Prospective bidders for a 24 percent stake of IPTO, Greece’s power grid operator, have been given a further two days in addition to a one-week extension granted just yesterday for their submission of binding bids, the operator’s parent company, PPC, the main power utility, has decided.

As a result, the new deadline has been moved from October 19 to October 21, offering bidders a couple more days of extra time to prepare their offers.

Three strategic investors, Italy’s Terna, France’s RTE and China’s State Grid International Development have qualified for the international tender’s second round. Any bids made will be binding.