PPC looking forward to investors from China in lignite unit tender

The new tender for the concession of the Public Power Corporation units at Megalopoli and Meliti opened last Friday, with investors appearing reserved before they see the sale-and-purchase agreement (SPA) terms and the utility itself hoping to see an expansion in investor interest.

Candidate bidders have until this Friday to express their interest, with the proclamation uploaded on the PPC website addressing both those who took part in the first tender and others who did not.

Potential investors which satisfy the tender's technical and financial criteria will be asked to sign a confidentiality agreement with PPC and as of Saturday will gain access to the virtual data rooms for the inspection of the units that are up for sale while also receiving the first SPA draft. Negotiations on the SPA will follow with a view to a May 7 or 8 bid submission deadline.

PPC's...