Coal-fired PPC plant tender draws very little interest

Wednesday's results of the tender for the sale of the coal-fired electricity units of Public Power Corporation at Megalopoli and Meliti confirmed estimates saying that lignite is not at all attractive as a fuel form any longer.

Despite the facelift of the plants through a series of measures to improve operating profits, PPC only got one binding offer for the Meliti plants from Mytilineos, which Kathimerini understands is at least five times below the reasonable price determined by the independent consultant.

The two Megalopoli plants remained practically off demand, as the bid tabled by the consortium of Seven Energy and GEK Terna contains terms that are not included in the proposed contract of sale PPC has approved.

This was announced by the consortium itself with an official statement, in which it concluded that it "decided to submit a binding offer on the basis...