Mytilineos concerned about PPC, may opt out of power unit tender

Mytilineos group head Evangelos Mytilineos has expressed concern over the future of Public Power Corporation, suggesting his company could withdraw from the tender for PPC's lignite-powered units.

Addressing the listed group's annual general meeting on Monday, Mytilineos made no secret of his worries about the way things are going at the country's biggest utility and the potential impact on the entire economy, calling for decisions based on cross-party consensus, while asking all parties to publicize their plans for PPC.

"I see a government that is doing nothing for PPC, as if there were no problems. It is continuing with the construction of a plant that won't operate - a 1.5-billion-euro investment," he stated referring to the fifth unit being constructed at Ptolemaida - "while we are building a plant for 300 million euros." He added that "we have also heard the main...