PPC receives bids in bailout sale

21 March 2019

A tender for the sale of three coal-fired power plants in Greece has attracted six expressions of interest.

State-owned PPC is selling the three plants as part of economic reforms required for it to qualify for European Union aid.

According to reports from Reuters, Beijing Guohua and Damco Energy, China Western Power Industrial, Sev.En Energy and Indoverse Coal Investments, Gek Terna, ElvalChalkor, and Mytilinaios Group, have all expressed an interest in buying the three plants.

The tender is PPC’s second attempt at selling the assets after its first tender in February failed to attract satisfactory bids.

The sale includes two plants in Megalopoli on the southern Peloponnese along with another plant and a licence to build a new one in Meliti, northern Greece.

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